One of Wu’s most pivotal investments through Lightspeed was in FTX, where she became an “active member” of the advisory board. She got to talking regularly with the company’s co-founder and CEO, Sam Bankman-Fried, whom she met in early 2021 and felt “inspired” by.
“We’re all going a little bananas right now,” she adds before our call. Still, she takes the time to tell CoinDesk how she responds to traditional finance workers’ qualms about crypto, why gaming companies are so bullish onWhen you’re talking to traditional finance people who are really averse to crypto, what are some of the concerns they bring up about crypto and blockchain?
on Axie Infinity’s Ronin bridge last month. People don't feel safe in crypto. That needs to be solved. There needs to be more security software and different tooling to really help fix that issue. It's one of the biggest areas that we're looking at investing in right now. You also mentioned Sam going to D.C. to help develop the “right” regulations for the crypto industry. What would the right regulations look like to you?
We then acquired Blockfolio, which has this great retail experience – a lot easier to use UX. But FTX’s growth is the combination of a lot of things, including a blistering pace that Sam has set. The culture of execution within FTX has really contributed to the success of the business. There are virtually no titles within the company. Many of us have external titles that we use, so that external parties can understand our role, but internally, it's an extremely flat organization.
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