Briefing: Sequoia Capital Marks Down FTX Stake to Zero — The Information

Sequoia Capital said it has marked down to zero the value of its stake in FTX, after investing more than $210 million in the cryptocurrency exchange through two of its funds. The collapse of FTX, which has raised nearly $2 billion and was most recently valued at $32 billion, has sent shock waves through the venture capital industry. Sequoia, along with Paradigm, is one of the startup’s most