There has been a trend in recent years of tech startups staying private for extended periods and opting to raise funds through alternative methods, such as issuing tokens or seeking funding from private investors, rather than going public through an initial public offering (IPO).
Brett Harrison, the former president of FTX US, recently expressed his concern about this trend in a tweet. He questioned the motives behind this decision, raising concerns about the potential risks and drawbacks for the companies and their investors.
The tweet sparked reactions from the crypto Twitter community, with some asking Harrison about the disaster that led to the collapse of the crypto exchange under his leadership. Harrison responded vaguely and did not provide a clear answer when asked why he had not been imprisoned.
He received an aggressive response to one of his posts and gave a vague response in return. When asked why he has not been put in jail, Harrison suggested that the person asking should try to find the answer on their own.
It is noteworthy that Harrison has not been involved in any recent trial involving FTX and has not faced any accusations or charges from regulatory agencies.
After resigning from his position at FTX US, Harrison has reportedly been focusing on trying to secure funding for his cryptocurrency startup. Harrison is currently seeking $6 million in venture capital funding for his startup, which he values at $60 million.
Harrison’s lack of involvement in any legal or regulatory issues related to FTX US may give potential investors the impression that he had good intentions while working at the exchange and now wishes to use his knowledge and experience for a new venture.
If this perception is accurate, Harrison may be able to secure funding for his startup despite the current bear market conditions.
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