Because some crypto startups want to avoid oversight, VCs pass on board seats to win deals; investors in FTX, who raised $1.8 billion, have no board seats (Miles Kruppa/Financial Times)

Miles Kruppa / Financial times†

Because some crypto startups want to avoid oversight, VCs pass on board seats to win deals; investors in FTX, which raised $1.8 billion, have no board seats— Digital asset group founders try to avoid investor scrutiny of the new Silicon Valley trend — Jack Lu received eight proposals…