The collapse of FTX has underscored a “distortion” in the venture capital market and the need for a correction across the industry, the boss of a global investment body has said. Chief of the Global Private Capital Association Cate Ambrose said the implosion of FTX, which had garnered a $32bn valuation as a result of splashy bets by investors like Sequoia Capital and Softbank, had highlighted a lack of discipline among VC firms. Read More