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this seems like a big misrepresentation to me! FTX has been doing more venture recently, and I guess maybe Alameda has been doing less? That's a really different thing than what the headline implies!

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@tier10k

Aug 25

[DB] SAM BANKMAN-FRIED’S FTX AND ALAMEDA MERGE THEIR VC OPERATIONS: BBG

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SBF

@SBF_FTX

I think maybe a line was misinterpreted? idk -- *FTX*'s venture investing is concentrated under FTX Ventures; that's different from Alameda's ventures, which aren't...

8:17 PM · Aug 25, 2022Twitter Web App

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Sam Bankman-Fried’s FTX and Alameda Merge Their VC Operations

Crypto exchange FTX absorbed the venture capital operations of Alameda Research, an effort to consolidate parts of billionaire Sam Bankman-Fried’s empire as it copes with a prolonged decline in...

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ratio this man

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"Alameda Chief Executive Officer Caroline Ellison outlined the change" "The transition began in January, when FTX Ventures raised $2 billion, said Amy Wu, who runs the fund. [...] Venture investing is now completely concentrated under FTX Ventures."

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and

"Alameda will focus mainly on exchange and over-the-counter trading and decentralized finance, Ellison said. The agreement to move its venture capital unit to FTX isn’t meant to signal a closer relationship between the two companies, she said."