Orlando Bravo, CEO of private equity firm Thoma Bravo, has vowed never to invest in crypto again after losing $130 million in the FTX collapse. In 2021, Bravo led a $900 million investment in FTX, a crypto exchange once valued at $18 billion. However, FTX’s shocking implosion in 2022 caused massive losses, including roughly $8 billion, leaving investors reeling.
In a recent CNBC interview , Bravo explained his firm’s decision to steer clear of crypto assets in the future, saying, “Once you make a mistake and get burned, our philosophy is to never touch it again.” Thoma Bravo, which oversees $160 billion in assets, has shifted its focus elsewhere, investing in tech companies like Proofpoint and Anaplan.
Despite his crypto exit, Bravo remains bullish on Blockchain technology, calling it “a powerful way of doing many things” with growing use cases across industries. Still, the fallout from FTX has increased calls for tighter regulations, as the market continues to recover.
Bravo’s decision reflects the broader impact of the FTX collapse , with many investors rethinking their crypto strategies. However, his confidence in blockchain shows that while individual crypto assets may carry risks, the technology behind them still has potential.
In a world of high-stakes investments, Bravo’s experience is a lesson in knowing when to walk away, even when the promise of future profits looms.
