11-10-2022, 09:50 AM
Sequoia Capital marks down entire $214M FTX stake to zero
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMGVlNjg5ZjAtYTliOS00YmVlLTlkODctYzQwYWRiMmJjNTJkLmpwZw==.jpg"></p><p>The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income. </p>
https://cointelegraph.com/news/sequoia-c...ke-to-zero
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMGVlNjg5ZjAtYTliOS00YmVlLTlkODctYzQwYWRiMmJjNTJkLmpwZw==.jpg"></p><p>The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income. </p>
https://cointelegraph.com/news/sequoia-c...ke-to-zero