FTX's lack of governance should have been a red flag to investors, she said .
FTX's lack of governance should have been a red flag to investors, she said at the Axios BFD in San Francisco.Haun shared many reasons why she didn't invest in FTX, the least of which was the company's valuation, which had just"There was no board, there was no CFO... We have traditional things we look for, that any venture investor would look for: TAM, founder, and market opportunity... but we also look really seriously at regulatory," Haun said.
" probably wouldn't have wanted us on the board," she admitted. "I would have been asking too many questions."Asked if she thought the sentence was fair, given that customers would be paid back in full, Haun said, "It was the largest financial fraud in history, and people have different views on whether victims were made whole. But I don't think I need to tell you that there are going to be victims that are not made whole.
"If you think about the theory of criminal prosecution, it's not just... for restitution and to make victims whole — it's to deter future crimes," Haun said. "And I think there's no question that a sentence of that magnitude sends a pretty big deterrent message out there."Share on linkedin
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