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FatManTerra's profile
FatMan
FatMan
FatMan
@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. FatMan‏ @FatManTerra Jun 3

      🧵 Do Kwon's dynamic rise to stardom in the VC world has not been without its tricks & shortcuts. Let's have a look at Anify, Do Kwon's first startup - and his first taste of both money and nepotism. (1/8)

      89 replies 170 retweets 712 likes
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    2. FatMan‏ @FatManTerra Jun 3

      In 2016, Do Kwon and his friend from Stanford, Jang Ki-seok, created Anify, a scalable P2P communications solution. As many in the tech world know, it's not easy to get accelerators to incubate you and throw hundreds of thousands at any old buzzword-filled idea. (2/8)pic.twitter.com/Iru5nf6NcU

      4 replies 14 retweets 129 likes
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    3. FatMan‏ @FatManTerra Jun 3

      So when Anify was sent out as a prospective investment to various companies through the Korean government TIPS incubation program, how did Do Kwon manage to get a $550,000 grant from Infobank, a big communications corporation in Korea, despite never putting out a product? (3/8)

      1 reply 14 retweets 131 likes
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    4. FatMan‏ @FatManTerra Jun 3

      As it happened, Do Kwon had a trick up his sleeve. Infobank's CEO turned out to be Jang Jun-ho, the father of Jang Ki-seok. Thanks to the wonders of nepotism, Ki-seok had his father recommend the project to the TIPS board, and received a large investment into Anify's bank. (4/8)

      5 replies 18 retweets 156 likes
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    5. FatMan‏ @FatManTerra Jun 3

      It turns out that Ki-seok was an Infobank shareholder, and Infobank is refusing to comment on this. The TIPS board has stated that they will work harder on rooting out instances of nepotism. This is all thanks to amazing research work done by SBS. (5/8)https://news.sbs.co.kr/news/endPage.do?news_id=N1006773545&plink=COPYPASTE&cooper=SBSNEWSEND …

      3 replies 17 retweets 160 likes
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    6. FatMan‏ @FatManTerra Jun 3

      I opine that after this little venture, Do Kwon started becoming greedy for more. More money, more investor funding, more fame, more connections - more power. He started dreaming bigger. "A million dollars isn't cool. You know what's cool? A billion dollars." (6/8)

      4 replies 15 retweets 151 likes
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    7. ikarusinthesky  🌑 🐉 ⚛️‏ @ikarusinthesky Jun 3
      Replying to @FatManTerra

      I guess if you use quotation marks implying this is a direct quote, you can point us to the source when he said this?

      1 reply 0 retweets 1 like
      FatMan‏ @FatManTerra Jun 3
      Replying to @ikarusinthesky

      The quote isn't from Do Kwon! It's a famous quote from the movie The Social Network. Didn't want to leave it without quotation marks since it wasn't an original thought.

      7:47 AM - 3 Jun 2022
      • 4 Likes
      • Miracle $UST Restitution Gepard
      1 reply 0 retweets 4 likes
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