Studying the spreadsheet detailing the funding portfolio of Alameda Analysis, the funding arm of fallen crypto alternate FTX, you surprise how that they had time to do something apart from make investments given the sheer variety of offers recorded. Maybe that was a part of the issue.
FTX and its sister firm (or father or mother firm, relying on the way you take a look at it) Alameda had their arms in a bunch of various startups. The depth of its roster wasn’t very clear till now.
A spreadsheet first shared by the Monetary Instances confirmed Alameda’s non-public fairness portfolio, with some FTX positions included. The doc consists of simply shy of 500 investments throughout 10 holding corporations for a complete of $5.276 billion. (Just like the Monetary Instances, TechCrunch has but to substantiate all knowledge shared within the spreadsheet, which means that once we talk about aggregates, we’re talking directionally. We reached out to FTX and its founder, Sam Bankman-Fried, for remark however haven’t heard again.)
This spreadsheet, dated from early November, raises quite a few considerations surrounding the extent to which FTX and Alameda — and their affiliated corporations — invested within the crypto business.
“I scratched my head on the FTX investments/acquisitions (i.e. Dave Inc/Storybook) final yr and thought perhaps SBF (as a genius) noticed the market in a different way, and perhaps I used to be dropping my contact,” Vance Spencer, co-founder of Framework Ventures, tweeted on Tuesday. “ all of it collectively in 2022: nope, they have been idiots, they lit all the cash on hearth.”
