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Former FTX Ventures Head Amy Wu Joins Menlo Ventures
The 47-year-old firm has $5 billion in assets and has backed the likes of Uber and Roku.
Updated Jun 15, 2023, 2:54 p.m. Published Jun 15, 2023, 2:54 p.m.
Amy Wu, who previously headed venture capital investments for FTX prior to its collapse, has joined investment firm Menlo Ventures as a general partner to lead investments in the consumer and gaming sectors.
Wu resigned from FTX Ventures last November as the centralized exchange stared down a liquidity crisis that ended in bankruptcy and criminal charges for founder Sam Bankman-Fried and other executives. She previously led investments in consumer, gaming and blockchain at Lightspeed Venture Partners.
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“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.
Founded in 1976, Menlo Ventures has more than $5 billion in assets under management (AUM), according to the 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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