Thereâs a million ways to make a buck, right? Today Iâll tell you a story about one of the stranger ones. After you hear about it, you might be tempted to try it yourself. After all, itâs a way to potentially make 10x your money. But thereâs a twist here â and it might make [â¦] You\'re receiving this email as part of your subscription to Crowdability. [Unsubscribe here](. [Crowdability Editorial]( [feature] Two âEasierâ Ways to Make 10x Your Money Matthew Milner Thereâs a million ways to make a buck, right? Today Iâll tell you a story about one of the stranger ones. After you hear about it, you might be tempted to try it yourself. After all, itâs a way to potentially make 10x your money. But thereâs a twist here â and it might make you change how you invest forever. So letâs dive in. Larry David Adds His Credibility While watching the 2022 Super Bowl, a man named Bhagamshi Kannegundla saw an ad for a crypto platform called FTX. The ad featured comedian (and Seinfeld creator) Larry David. The presence of David gave Kannegundla comfort that the platform was legitimate, so he started using it to trade cryptos. But just nine months later, FTX collapsed. The companyâs founder, Sam Bankman-Fried, was accused of â and eventually convicted of â stealing billions in customer funds to support his lifestyle, and to make a variety of investments. Kannegundla had $174,000 on the platform. But after FTX collapsed, he couldnât withdraw it â and potentially it was gone forever. I say âpotentiallyâ because, although FTX had billions of dollars of liabilities, it also had significant assets â cash, cryptos, real estate, and a bunch of investments. It wasnât clear what they were worth, but they were certainly worth something. In situations like this, investors who focus on âdistressedâ assets step into the fold. Such investors buy the claims of creditors like Kannegundla at a discount â say, 10 cents on the dollar. Basically, theyâre betting that the claim will eventually be worth more than 10 cents on the dollar. For example, maybe the bankruptcy process will recover 20 cents on the dollar, or 40 cents, or even more. Kannegundla found an investor whoâd buy his $174,000 claim for $19,000. In other words, instead of waiting around and hoping heâd get more from FTX in the future, he settled for an upfront payment of 11 cents on the dollar. But then there was a strange twist⦠The Expected Payout Surges Big investors started piling into FTX credit claims. As Bloomberg reported, investors including Silver Point Capital, Diameter Capital Partners, and Attestor Capital eventually bought more than $1 billion worth of FTX debts. Check this out: Again, the basic bet they were making was that FTX customers would recover more than the pennies-on-the-dollar that others were expecting. But why was the expected payout soaring? Well, for starters, the lawyer shepherding FTX through the bankruptcy process managed to identify $7.3 billion of assets. These assets included $3.4 billion in crypto-currencies, and $200 million worth of real estate in the Bahamas. Another reason was that investors started to view a reboot of FTX (some were calling it FTX 2.0) as a real possibility. That could have brought in even more cash. But there was also a third reason⦠And this was the most interesting reason of all⦠A Game-Changing Startup Investment You see, one of the investments Bankman-Fried made with stolen FTX funds turned out to be prescient: an investment in a private artificial intelligence (AI) startup called Anthropic. FTX invested a whopping $500 million into Anthropic in April 2022, when the AI startup was still flying under the radar. But today, Anthropic is viewed as a serious competitor to Open AI, the company behind ChatGPT thatâs currently valued at about $90 billion. In fact, the FTX 2.0 Coalition, a group representing FTX creditors, speculated that if Anthropic hits a $30 billion valuation, FTXâs stake could be worth around $4.5 billion. The thing is, FTX needs âonlyâ $4.5 billion to make its customers whole. In other words, if its Anthropic stake turns out to be worth $4.5 billion or more â i.e., about 10x what it paid for it â customers will get back 100 cents on the dollar. Furthermore, investors in FTX claims â the ones who scooped up claims for about 11 cents on the dollar â will also get back 100 cents. Thatâs nearly a 10x return. Talk about a great trade! Ready to Trade Yourself? So, after hearing this story, are you ready to start investing in distressed debt? Maybe even the debt of FTX? As you can see, the price of FTX claims is still skyrocketing: If so, [hereâs a link to Claims Market]( a platform where you can invest in claims to FTX and others. But if what youâre really looking for is the potential to earn 10x returns, Iâve got a far easier way to accomplish the same thing: Invest in startups! As long-time readers of Crowdability already know, we target a minimum 10x return for every one of our startup investments. Here are two easy (and free) ways to get started. Two Easy Ways to Get Started First, check out our weekly âDealsâ email. We send this out every Monday at 11am EST, and it contains a handful of new startup deals for you to explore. Many of them have investment minimums of just $100 or so. Second, check out our white papers like [âTips from the Pros.â]( These easy-to-read reports are chock full of wisdom about how to separate the good deals from the bad. Why mess around with complicated bankruptcy proceedings when you can invest in high-potential startups like Anthropic? Happy Investing! Best Regards,
[Matthew Milner]
Matthew Milner
Founder
Crowdability.com [Click Here to Leave a Comment for Matthew »]( [related] - [Do You Like Bugs? NASA Needs You](
- [Elon Musk Proves Mind-Control is Real](
- [Robotic Worms Could Save Your Life](
- [This Yearâs Super Bowl Winner Isâ¦](
- [Get Paid $10,000 to Put Down Your Phone]( [related] - [The Strongest Man in the World â A Senior Citizen](
- [âBuy Now, Pay Laterâ â for Stocks?](
- [âTheyâre Cheap and They Donât Snitchâ](
- [How to Turn $4 into $107,100](
- [Former Pentagon Director Breaks Silence About UFOs]( [watch] [Crowdfunding Portals]( Crowdfunding Portals Where should you go to find private, early-stage investment opportunities? You should visit special websites known as âcrowdfunding portalsâ that feature deals from all around the country. Learn more about them in this special video... [Click here to watch »]( [try our premium products] [ESP]( [Early Stage Playbook](
An in-depth video series that helps you master the proven process used by industry professionals to build a portfolio of early-stage "start-ups." [CIQ]( [Crowdability IQ](
An easy-to-use âstock screenerâ that quickly helps you identify the most promising early-stage start-ups to invest in. [PMP]( [Private Market Profits](
The worldâs first investment research service that provides individual investors with private market opportunities offering significant upside potential. [IUN]( [Income Unlimited](
The first research service in the world to provide individual investors with high-yielding income-generation opportunities from the private market. Copyright © 2024 Crowdability, a division of Paradigm Press, LLC., All rights reserved. You signed up on []( [Add us to your address book]( Our mailing address is:
Crowdability, a division of Paradigm Press, LLC.
1001 Cathedral Street
Baltimore, Maryland 21201 [Update Subscription Preferences]( | [Unsubscribe from this list](