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Son of sitting senator receives $30 million for derivatives exchange right out of college
Posted on 6/19/26 at 3:14 pm
Posted on 6/19/26 at 3:14 pm
LINK
The son of a current U.S. Senator just received $30 million for his startup just a few days after he graduated from college.
Theodore Gillibrand, son of Sen. Kirstin Gillibrand, D-N.Y., received the money during a fundraise led by Lux Capital, according to Fortune. The startup is valued at $300 million. Theodore graduated with an undergraduate degree on Sunday.
The startup, American Perpetuals Exchange Corporation (APEC), is a trading platform that will list perpetual futures, essentially betting on the price of assets without owning those assets. The company plans to apply for a license from the Commodity Futures Trading Commission (CFTC) to list those perpetuals on equities and stock indexes instead of cryptocurrency.
Sen. Gillibrand previously sat on the Senate Committee on Agriculture, Nutrition, and Forestry, which oversees the CFTC. Sen. Gillibrand is now on the Senate Banking Committee.
Prior to the multi-million dollar startup, the younger Gillibrand spent a month as a fellow at venture capital firm Paradigm, two months each at Blue Pool Capital and Signum Global Advisors, and before that he was an intern at Andreessen Horowitz and the U.S. Senate.
“My son is a grown adult starting his own independent business,” Gillibrand’s office told the New York Post. “I have no involvement in it whatsoever. That said, I’m enormously proud of him and wish him nothing but the best.”
The son of a current U.S. Senator just received $30 million for his startup just a few days after he graduated from college.
Theodore Gillibrand, son of Sen. Kirstin Gillibrand, D-N.Y., received the money during a fundraise led by Lux Capital, according to Fortune. The startup is valued at $300 million. Theodore graduated with an undergraduate degree on Sunday.
The startup, American Perpetuals Exchange Corporation (APEC), is a trading platform that will list perpetual futures, essentially betting on the price of assets without owning those assets. The company plans to apply for a license from the Commodity Futures Trading Commission (CFTC) to list those perpetuals on equities and stock indexes instead of cryptocurrency.
Sen. Gillibrand previously sat on the Senate Committee on Agriculture, Nutrition, and Forestry, which oversees the CFTC. Sen. Gillibrand is now on the Senate Banking Committee.
Prior to the multi-million dollar startup, the younger Gillibrand spent a month as a fellow at venture capital firm Paradigm, two months each at Blue Pool Capital and Signum Global Advisors, and before that he was an intern at Andreessen Horowitz and the U.S. Senate.
“My son is a grown adult starting his own independent business,” Gillibrand’s office told the New York Post. “I have no involvement in it whatsoever. That said, I’m enormously proud of him and wish him nothing but the best.”
11
Posted on 6/19/26 at 3:16 pm to Night Vision
They just shamelessly rub our noses in it.
Posted on 6/19/26 at 3:18 pm to Night Vision
Right out of the Hunter Biden school of petroleum engineering and other good stuff. Sniff sniff.
Posted on 6/19/26 at 3:19 pm to Night Vision
I’d bet about 95% of congressional representatives get kickbacks in one form or another. Loans or investments none of them would get without their position. As long as it goes to family members it’s business as usual. They all probably do it in some form.
Posted on 6/19/26 at 4:19 pm to Night Vision
Not to be mean here because I hate democrats more than most on this board.
However he didn't receive the 30 million. It was a raising of funds for his start up company which happens to be valued at 300 million dollars.
I am obviously in the wrong field.
However he didn't receive the 30 million. It was a raising of funds for his start up company which happens to be valued at 300 million dollars.
I am obviously in the wrong field.
This post was edited on 6/19/26 at 4:21 pm
Posted on 6/19/26 at 4:30 pm to Night Vision
quote:
“My son is a grown adult starting his own independent business,” Gillibrand’s office told the New York Post. “I have no involvement in it whatsoever. That said, I’m enormously proud of him and wish him nothing but the best.”
This post was edited on 6/19/26 at 4:40 pm
Posted on 6/19/26 at 4:56 pm to Robin Masters
quote:
They just shamelessly rub our noses in it.
As they should. Whatcha gonna do about it bub?
Posted on 6/19/26 at 4:58 pm to Night Vision
This stuff happens every day to thousands of recent graduates!
-SFP, probably.
-SFP, probably.
Posted on 6/19/26 at 5:04 pm to TigerAxeOK
quote:
This stuff happens every day to thousands of recent graduates!
-SFP, probably.
Why would you create that strawman and associate it with me?
Posted on 6/19/26 at 5:24 pm to idlewatcher
quote:
As they should. Whatcha gonna do about it bub?
Cry and moan on a message board apparently.
Posted on 6/19/26 at 5:36 pm to thetempleowl
Don’t put facts in the way of the q tards when they are tarding, baw.
Posted on 6/19/26 at 5:41 pm to SlowFlowPro
SFP, by a stroke of luck, just happened to see his name mentioned on this thread as he was just perusing it. But he mysteriously is absent from the boatload of SPLC fraud threads. Amazing.
Posted on 6/19/26 at 5:47 pm to BurlesonCountyAg
quote:
. But he mysteriously is absent from the boatload of SPLC fraud threads.
I've posted in most of them
The indictments still say what they say. The spin doesn't really mean anything substantive for the case.
Posted on 6/19/26 at 5:48 pm to Night Vision
This is exactly why I’m raising my toddler son to be a politician.
Posted on 6/19/26 at 5:49 pm to SlowFlowPro
quote:
The indictments still say what they say. The spin doesn't really mean anything substantive for the case.
So there’s no funny business going on at the SPLC?
Posted on 6/19/26 at 5:49 pm to ManBearSharkReb
quote:
95% of congressional representatives get kickbacks
Sorry brother that number is low. It’s more like 99.9%
Posted on 6/19/26 at 5:50 pm to Night Vision
What's ridiculous is that in private / professional business, most people can't even accept a "gift" or "free ticket" worth more than $50. How can we not hold the politicians and their families to similar standards?
Posted on 6/19/26 at 5:51 pm to BurlesonCountyAg
quote:
So there’s no funny business going on at the SPLC?
I have already said since the beginning the bank fraud charges are strong.
Why do you demand I repeat that for the 40th time?
Posted on 6/19/26 at 5:51 pm to thetempleowl
quote:
Not to be mean here because I hate democrats more than most on this board. However he didn't receive the 30 million. It was a raising of funds for his start up company which happens to be valued at 300 million dollars. I am obviously in the wrong field.
Oh yeah and I’m sure if I myself did this startup I’d receive close $0.
If you don’t think the majority of funds raised come with strings attached, ie favors from mom, you’re extremely naive
Posted on 6/19/26 at 5:53 pm to SlowFlowPro
Example 1,542,331 of you being a shameless liar and narcissist
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