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There was. They marked their entire investments to zero. A total loss.
by justinzollars 4y ago
There was. They marked their entire investments to zero. A total loss.
- majormajor 4y agoAre people going to trust them with their money to let them raise future funds? If so: why?
- dotnet00 4y agoPeople will still trust them with their money because social accountability mechanisms are not that great, PR is a thing and people are even more prone to FOMO and skipping due diligence than even VC investors have been here.
- melony 4y agoWhat about the funds that FTX invested back into Sequoia?
- justinzollars 4y agoSounds like Sequoia has something to go after.
- flylib 4y agoSBF invested 200 million back into Sequoia funds as an LP, wasn't that big of a loss as they invested 214 million into FTX
- MrPatan 4y agoWasn't it 500 million?