FTX has a stake! Anthropic confirms $2 billion funding from Google, FTX expected to recover funds
FTX's previously invested $580 million in AI startup Anthropic has secured a $2 billion funding commitment from Google, causing FTX's stake value to skyrocket. Venture capitalists even predict that FTX creditors could potentially receive a 100% payout.
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Venture Capital Founder: Creditors Could Potentially Receive 100% Compensation
Travis Kling, founder of asset management company Ikigai Asset Management, also commented on this news via Twitter:
FTX's bankruptcy is nearing full recovery, although it may take a few years to pay back creditors, the ratio of assets to initial user deposits has already reached about 1:1.
However, many do not agree with this view.
Ari Paul, founder of BlockTower Capital, pointed out that Anthropic may not reimburse FTX in cash.
He also believes that similar views, such as the idea that FTX has the ability to pay due to holding SRM and FTT, are incorrect. In his opinion, whether they can reimburse even 50% is still a big question mark, and most of the financing is not a true valuation round.
Anthropic may or may not ever return cash, but could be similar mistake to thinking FTX was solvent because of SRM and FTT holdings. Imo, about half the recovery a giant question mark of paper marks, most not even real “valuation rounds.”
— Ari Paul ⛓️ (@AriDavidPaul) October 27, 2023