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We’re going to dream a little less, Sequoia’s Leone on fallout from FTX collapse
- toomuchtodo 4y ago> Billionaire venture capitalist Doug Leone said there wasn’t much his firm Sequoia Capital could do to predict the solvency crisis at FTX. Due diligence? Independent accounting and governance/controls audits? No money left for risk management in the budget I suppose.
- rmason 4y agoIt saddens me a little that the world's top VC firm is going to take fewer chances. Wouldn't it be more responsible to just say we're going to exercise more due diligence and caution when it comes to crypto startups? Why pump the brakes all across the board?
- RikNieu 4y agoPlease. All they had to do was just a little real due diligence. I'd expect a fund like Sequoia to at least look at financials. Or corp structure and governance. But apparently not.