Alameda Research
Defunct crypto trading firm that invested $200K in Cursor at pre-seed and exited at cost during FTX bankruptcy.
“Cursor had raised over $3.3 billion from firms like Thrive Capital, Neo, Alameda Research (yeah, that one), OpenAI Startup Fund, a16z, Dorm Room Fund, BoxGroup, WndrCo, DST, Coatue, and Accel.”
Source→“Cursor had raised over $3.3 billion from firms like Thrive Capital, Neo, Alameda Research (yeah, that one), OpenAI Startup Fund, a16z, Dorm Room Fund, BoxGroup, WndrCo, DST, Coatue, and Accel.”
Source→“Court-appointed trustees sold the shares back to Cursor at cost during FTX's bankruptcy process. They would have been worth billions.”
“Alameda Research invested $200k to take half of the company's $400k pre-seed in 2022. Its stake was sold off in FTX bankruptcy proceedings in 2023 for………$200k.”
“Who was the first investor in Cursor? The GOAT investor SBF of course.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.