FTX Ventures' Amy Wu: VC deals during bull market lacked proper due diligence

FTX Ventures Head of Ventures and Commercial Amy Wu said that during the last bull market, VC deals were rushed through lacking due diligence.

This marks one of the key differences between the last bull market and the current bear market, Wu added, speaking on a panel on “VC investing in a bear market” at Breakpoint, Lisbon. She said things are better now. “The founders also have a longer track record of working in the space. That in itself speaks volumes to whether they’re long-term oriented or not, and all that’s healthier,” she said.When asked whether they prefer tokens or equity when investing in crypto starts, both Multicoin Capital co-founder Kyle Samani and Sino Capital CEO Matthew Graham noted they had heard investors were favoring equity a bit more in the current market.

This aged well.

Lmfao

I feel that only Harvard and few other IL schools can teach you how to lie this well🤣

No funds did any DD on LPs either 😥

Every single shitcoin on solana eco with fdv 500b was seeded by alameda ReSeaRcH loll due dilligence yes

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