Amy Wu, former FTX Ventures Head, joins Menlo Ventures.
Amy Wu, who used to lead venture capital investments for FTX before it collapsed, has joined Menlo Ventures, an investment firm, as a general partner in order to lead investments in the consumer and gaming sectors.
Wu resigned from FTX Ventures last November as the centralized exchange faced a liquidity crisis that led to bankruptcy and criminal charges for founder Sam Bankman-Fried and other executives. Before that, she had 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.
Menlo Ventures, which was founded in 1976, has more than $5 billion in assets under management (AUM), according to its website. The firm invests in companies from early stages to initial public offerings across a number of sectors, including artificial intelligence (AI), healthcare and financial technology. Portfolio companies have included early bets on Uber, Roku and Warby Parker.
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Edited by Stephen Alpher.