How Chris Sacca turned his student loans into $12 million… and then lost it all

Discussion in 'Chit Chat' started by OnClose, Nov 4, 2012.

  1. OnClose


  2. Pekelo


    Why didn't he just declare bankruptcy when he was 4 million in debt? Specially in the old days, when it was very easy to do so...

    Anyway, if he was able to leverage 50K a hundred times over, then a position doubling would mean 10 million on paper, so not entirely impossible....
  3. nkhoi

    nkhoi Moderator

    yes it was possible, everybody was riding internet wave [until it crashed] some were more lucky than others.