As explained in the article: Says Nick Mehta, another one of the first scouts, “They definitely left it open to us but told us to think about the impact

As explained in the article: Says Nick Mehta, another one of the first scouts, “They definitely left it open to us but told us to think about the impact on the entrepreneur. We were told we should tell the entrepreneur. But they told us to make sure the entrepreneur thinks about it before they broadcast that Sequoia is an investor because of the signaling effect if Sequoia didn’t invest later on.”