Electric Capital Partners: ‘Yellow Flags’ Kept Us Away From SBF

Electric Capital executives told its limited partners Thursday that the crypto-focused venture capital firm is relatively unscathed from the FTX debacle — thanks to “yellow flags” Electric spotted when it comes to due diligence. The “yellow flags” in question, Electric partners told investors, came to light as they probed the financing and token economics of a potential early-stage investment in the serum (SRM) token — heavily backed and marketed by former FTX CEO Sam Bankman-Fried. (Blockworks)

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