FTX launches $2 billion venture fund, hires Lightspeed exec to lead (via fintechfrank)
The exchange operator has set aside $2 billion for the new fundSam Bankman-Fried's FTX has launched a new venture capital unit, adding billions of dollars in fresh capital to the already bloated private market for crypto investing.
FTX has set aside $2 billion for the venture fund. It has also hired Amy Wu, a former partner at $10 billion venture capital firm Lightspeed, to lead the new business unit and fund.
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