Despite some big losses Novgratz will do fine IMO with his new crypto bank. What is really important for cryptocurrency and what Novgratz, Draper and other free market financiers will be remembered for is their leadership. It takes champions in all sectors (IT, commerce, government, finance, media, etc) to carry a revolution forward. Hats off to Novgratz and his new bank is planning to list on the TSX.
Novgratz-Led Cryptocurrency Bank Lost More than $130 Million in Q1 - CCN via BTCnews on iOS
https://www.ccn.com/novgratz-led-cryptocurrency-bank-lost-more-than-130-million-in-q1