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I thought FTX lead its own rounds? Sequoia was in for <1%.
by junofan 3y ago
I thought FTX lead its own rounds? Sequoia was in for <1%.
- LapsangGuzzler 3y agoThe percentage doesn't matter. FTX basically laundered its reputation through Sequoia. Sequoia gave them legitimacy to go out and be a huge player and tell investors and the celebrities that endorsed them "we're not like the other guys."
- bmitc 3y agoSequoia invested a total of around $225 million, and they wrote this article: https://web.archive.org/web/20221110031633/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://web.archive.org/web/20221110031633/https://www.sequo....