.amytongwu, who headed venture capital investments for fallen crypto exchange FTX, has joined MenloVentures to head consumer and gaming investments. BrandyBetz reports
resigned from FTX Ventures
last November as the centralized exchange stared down a liquidity crisis that ended in bankruptcy and criminal charges for founder Sam Bankman-Fried and other executives. She previously led investments in consumer, gaming and blockchain at Lightspeed Venture Partners. “At Menlo, Amy will make early-stage investments in technology-driven categories, including gaming, blockchain, and new consumer experiences made possible by tech shifts like generative AI. Her deep experience as both an investor and operator across a variety of consumer businesses will help her hit the ground running,” wrote Menlo Ventures partner Shawn Carolan in an announcement post.
Founded in 1976, Menlo Ventures has more than $5 billion in assets under management , according to the website. The firm invests in companies from early stages to initial public offerings across a number of sectors, including artificial intelligence , healthcare and financial technology. Portfolio companies have included early bets on Uber, Roku and Warby Parker.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oregon Democratic Party will return illegal $500,000 contribution from former FTX executiveThe Democratic Party of Oregon announced the return of $500,000 that was illegally donated by a former cryptocurrency executive to the United States Marshals Service as part of an agreement from several party lawmakers.
Read more »
IBM quantum computer beat a supercomputer in a head-to-head testResearchers at IBM pitted their 127-qubit Eagle quantum computer against a conventional supercomputer in a challenge to perform a complex calculation – and the quantum computer won
Read more »
Rangers hire former Flyers boss Peter Laviolette as head coachNew York is the sixth NHL team Laviolette will have coached during his 21-year NHL coaching career.
Read more »
PSU Harrisburg hires former NCAA Division I head coach to lead its new field hockey programAmanda Janney Misselhorn has experience coaching in Division I and at the high school level
Read more »
Salesforce Ventures leads $6 million fundraise for NFT data platform MnemonicSalesforce Ventures said it has seen a lot of enterprise interest in accessing crypto data in order to build digital communities.
Read more »