John Wang: SBF is not a top tier venture capital, the core behind the scenes is Leopold Aschenbrenner

John Wang, the head of Kalshi's crypto business, stated that the narrative that SBF is a top venture capital firm is inaccurate, and the true behind the scenes core is Leopold Aschenbrenner, founder of Situational Awareness. The Situational Awareness Fund, founded by Leopold Aschenbrenner, has a scale of over $20 billion and has been funded by Jane Street. Situational Awareness achieved a return rate of 2.7 times within the year and accumulated over 10 times since its establishment. Anthropic's equity bet accounts for one-fifth of the assets. Situational Awareness and Jane Street jointly lead investment in MatX and participate in Fluidstack financing.