Sequoia Capital marks its FTX investment down to zero dollars
Sequoia Capital just marked down to zero the value of its stake in the cryptocurrency exchange FTX — a stake that accounted for a minor percentage of Sequoia’s capital but as of last week likely represented among the most sizable unrealized gains* in the venture firm’s 50-year history. It alerted its limited partners in a letter … Continue reading Sequoia Capital marks its FTX investment down to zero dollars
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