SBF quietly invested $500M+ in Paradigm, Altimeter, and other VCs, including, sources say a $200M commitment to Sequoia, and $300M to K5 per PitchBook (Kate Clark/The Information)

Heather Somerville / Wall Street Journal:
PitchBook: VCs raised $151B across Q1, Q2, and Q3 2022, exceeding any prior full-year cycle, concentrated among large funds at Sequoia, Lightspeed, and others  —  Limited partners who back venture funds still seek access to startups, which have outperformed other asset classes during recessions

Reuters:
A look at SBF’s desperate efforts to raise $7B+ from Sequoia, Apollo, TPG, the Saudis, and others; FTX’s internal accounting software hid FTX-Alameda transfers  —  As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked …

Helen Partz / Cointelegraph:
Hours after announcing an emergency deal with Binance, FTX CEO Sam Bankman-Fried deletes a Twitter thread saying the exchange and assets were “fine”  —  Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”

CNBC:
Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges including conspiracy, fraud, and money laundering  —  – Sam Bankman-Fried is set to fly to the U.S., where he faces multiple criminal charges tied to the collapse of his crypto exchange FTX.

Cade Metz / New York Times:
A look at Anthropic, which raised $580M led by SBF in April to research “AI safety”, and 70 AI-related organizations SBF and FTX executives invested $530M+ in  —  Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence.

Brad Stone / Bloomberg:
Sequoia’s 14,000-word SBF profile by journalist Adam Fischer was mishandled and, since being deleted, has served no purpose other than to embarrass the firm  —  A now-infamous profile of the fallen FTX founder illustrates the predictable dangers of corporate content creation.  But first…