Menlo Ventures Recruits Former President of FTX Ventures, Amy Wu, to Expand Consumer Practice

Venture capital firm Menlo Ventures announced a new partner: Amy Wu.

Amy joins Menlo “to grow the firm’s consumer and gaming practice and build on Menlo’s track record, which includes early investments in well-known consumer companies like Chime, Pillpack, Poshmark, Roku, Rover, Siri, Uber, and Warby Parker.”

She will be “based in New York.”

At Menlo, Amy will aim to “make early-stage investments in categories including gaming and blockchain, and fund new consumer experiences made possible by tech shifts like generative AI.”

Her deep experience “as both an investor and operator across a variety of consumer businesses will help her hit the ground running.”

Before joining Menlo, Amy had “led investments in consumer, gaming, and blockchain at Lightspeed Venture Partners, where her investments included Epic Games, Faraway Games, Weee!, Webull, Arbitrum, and Alchemy.”

She focused “on web3 and gaming at FTX Ventures, where she invested in Sui, Soba Studios, TripleDot Studios, Yuga Labs, and Doodles.”

As an operator, Amy served “as SVP and CFO of Discovery Inc.’s $2 billion Global and Digital Sports unit and worked in Singapore as the CFO of Discovery Asia-Pacific.”

She began her career “at Insight Venture Partners, working with companies like, Zumba, and Tumblr.”

Shawn Carolan, Partner at Menlo Ventures, said:

“This is a horizon commitment: Menlo made a strategic decision to double-down on consumer investing. We were lucky to find Amy Wu to help make that happen. The opportunity in Consumer VC is huge; consumer exits typically drive one-third to one-half of the total exit value in VC for any given year. With Amy on board, we increase Menlo’s capacity to pursue outlier opportunities and expand our investments into new categories.”

Menlo Ventures’ Partner Amy Wu said:

“The decision to join Menlo Ventures came down to reputation and team. I wanted to work for a VC with a strong history of great returns. But I also wanted to feel like part of a team. I was really impressed by the talent, expertise, and collaborative culture at Menlo Ventures.” 

Amy is the latest addition “to Menlo Venture’s team of early-stage partners who leverage extensive operating experience to double down on, or create an entire practice around, early-stage opportunities in high-growth sectors.”

Former Spunk CTO Tim Tully has “joined Menlo Ventures in 2021 to focus on next-generation cloud, AI, ML, and data stack opportunities.”

The firm hired 20-year life sciences veteran Greg Yap in 2017 “to lead life sciences and digital health investments and product-led growth and monetization expert Naomi Ionita in 2018 to help SaaS entrepreneurs realize their full potential.”

Menlo clams it has “a long history of identifying category winners at the early-stage, including Benchling, Carta, Chime, Gilead, Roku, Siri (acquired by Apple), and Uber.”

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