Abandoning equity is relatively common, but not like this. Usually its because a VC cannot realize a capital loss until it abandons (or sells) the equity of a w

Abandoning equity is relatively common, but not like this. Usually its because a VC cannot realize a capital loss until it abandons (or sells) the equity of a worthless company. Finix raised $35m about a month ago. There's no way Sequoia thinks they're worthless already.