The wreckage from FTX's reckless VC investing should be a lesson for all.
Just Like FTX, FTX Ventures Went Big — And Fast — When It Came To Investing
Chris Metinko4-5 minutes 15/11/2022
While everyone is still sifting through the immediate FTX wreckage, there is a good chance more decimated debris is on the way.
Along with trying to be a white knight to companies such as Voyager Digital and lender BlockFi, Sam Bankman-Fried and his company also made their way to the venture world early this year.
FTX Ventures announced its first $2 billion funding in January and quickly made nearly 50 different investments from the new venture arm, according to Crunchbase data. Those rounds in total raised nearly $3 billion for burgeoning startups, with FTX Ventures leading some of the biggest of those deals.
