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  "documentTitle": "Race capital investment FTX",
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  "notes": "This is a redacted investment memo document from Race Capital regarding FTX's seed round.",
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      "text": "FTX is a cryptocurrency futures and derivatives exchange. To create a new top exchange is no small feat, and since its soft launch on June 1st, 2019 it has already achieved daily volumes in excess of $150M per day on FTX.",
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      "text": "FTX's products include the typical Bitcoin and other top crypto futures products, and also new innovative products like altcoin indices, index futures, up to 101x leveraged products, etc.",
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      "text": "Sector: Exchange\nFinancing Round: Seed Round\nStatus: Product is live in private beta\nLead Investor: N/A - No lead\nTotal round size: $8M\nOther Notes: FTX is a spinout of Alameda Research",
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      "text": "Date: July 24, 2019\nTo: Investment Committee - Race Capital\nDeal Team: Chris McCann and Edith Yeung\nCompany Contact(s): Sam Bankman-Fried (CEO) and Darren Wong (CMO)\nSubject: Proposed investment in FTX",
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      "kind": "table",
      "text": "Employees: 10 people in total\nTraction: $50M in trading volume on 6/11, $150M on 6/22, $250M on 7/4, $300M on 7/5",
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