Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up for what it is giving back.
Scoop: Sam Bankman-Fried invested roughly $10 million of Semafor’s $25 million round, making him the company’s biggest outside investor. Semafor is buying back his interest and putting that money into a separate account while it raises new $$$https://t.co/3KQ5SwpDxQ
— Ben Mullin (@BenMullin) January 18, 2023
The $10 million was part of a $25 million seed funding round that allowed Semafor to get started with its news site, which launched in