Published On: Mon, May 14th, 2018

Goldman Sachs VP Leaves To Pursue Cryptocurrency Fortune

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Former Goldman Sachs banker Chris Matta quit the famous multinational investment bank and financial services company only days after earning a promotion to the position of vice president – and he did it for the sake of cryptocurrency.
‘I Saw it as a Calculated Risk’
It’s safe to say that most people wouldn’t bail on their career after climbing the Wall Street ladder and making vice president at the most profitable securities firm in history – but that’s exactly what Chris Matta did.
After watching Bitcoin and other cryptocurrencies explode in value throughout 2017, Matta and two former colleagues instead decided to create their own cryptocurrency-focused investment vehicle. Matta explained to CNBC:
It’s safe to say, you leave a good amount of money on the table walking away from Goldman. But I saw it as a calculated risk.
That calculated risk actually saw Matta wave goodbye to his yearly bonus. He explained:
They called in the CEO of my organization, and he said, basically, ‘Are you crazy? Do you realize the risk you are taking here? You are giving up on your bonus!’
While it might sound crazy, …

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