Investments In 2011, Sebag was a managing partner of Essentia Equity, one of several lenders that invested $43 million of rescue financing into
American Apparel helping the company avert bankruptcy, but the company later went bankrupt. In September 2012, Sebag invested in
German automotive company
Porsche Automobil Holding SE. In an interview with the financial newspaper
Barron's, Sebag argued that the legal overhang due to the 2008
short squeeze of
Volkswagen provided a unique opportunity to purchase shares of Porsche at a discount.
Natural Resource Holdings In 2010, Sebag formed Natural Resource Holdings, an asset consolidator of historically delineated natural resource deposits. Since 2011, Sebag and Natural Resource Holdings have been compiling and distributing a database of the world's largest gold mines.
Goldmoney Inc. Following the 2008 financial crisis, Sebag met Josh Crumb, a senior metals strategist at
Goldman Sachs, and the two developed the idea of a
full-reserve banking gold-based financial institution. This ultimately led to the formation and launch of BitGold, which subsequently became GoldMoney, after BitGold acquired that company in 2015 as a reverse merger. In May 2016, Sebag won the Canadian Capital Markets Deal of the Year Award for the GoldMoney acquisition. In March 2019, GoldMoney announced it was shutting down its cryptocurrency business.
Industry analysis Sebag's economic insights have been covered by
CNBC,
Bloomberg,
The Wall Street Journal and in an article written by him for
The American Mind. ==Author==