Sequoia Capital marks down entire $214M FTX stake to zero
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.
Post from: Cointelegraph.com News
Tags: Sequoia Capital, Global Growth Fund III, Sequoia Capital Global Equities Fund, Apple, Google, AirBnb, Assets Under Management, Insolvency, Solvency