Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX
In a rare move, American venture capital firm Sequoia Capital reportedly apologized to its fund investors for the $150 million it has lost on the now-bankrupt crypto exchange FTX. The Wall Street Journal reported the apo...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Wall Street Journal reported the apology, citing people familiar with the matter. Sequoia’s partners told the fund investors on a call on Tuesday that the firm would improve its due-diligence process when it comes to future investments....
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