Meeting the Founder of Silk Road ( Ross Ulbricht ) | My First Million Podcast

About this video

Sam recounts meeting Ross Ulbricht at a party years before Ulbricht’s arrest as the founder of Silk Road, an online marketplace that Sam describes as selling two billion dollars worth of merchandise in two years. Sam explains how learning about Ulbricht’s arrest and Bitcoin seizure led him to invest in Bitcoin after a conversation with a friend whose father was venture capitalist Tim Draper, who later purchased seized Bitcoin from the government.

Key takeaways

• Sam’s personal connection to the Silk Road founder happened by chance at a party, and Ulbricht presented himself as an equities trader on LinkedIn despite running a major dark web marketplace
• Sam claims Silk Road processed roughly two billion dollars in merchandise sales in two years, and Ulbricht allegedly held Bitcoin worth around ten billion dollars before it was seized
• Sam’s introduction to Bitcoin investing came through a casual recommendation from a friend connected to Tim Draper, leading him to buy Bitcoin at $200 per coin as gifts for family members that later appreciated significantly

Episode details: published February 28, 2020 · 72K views · 3:59 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

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