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A comment on FTX Implodes, and a Top VC Backer Falls on Its Face. Parent comment

Re:FTX Implodes, and a Top VC Backer Falls on Its Face by rasz on Monday November 14, 2022 @11:39PM (#33605363)
Did they? The way I read it Sequoia bought ~$200m of magic beans from FTX, but in exchange banksman fraud invested ~$200mil back in Sequoia ventures.
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Re:FTX Implodes, and a Top VC Backer Falls on Its Face by djbusby on Monday November 14, 2022 @11:49PM (#33605428)
That's a wash-bet. Nothing was gained.
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Re:FTX Implodes, and a Top VC Backer Falls on Its Face by rasz on Tuesday November 15, 2022 @12:28AM (#33605660)
Magic beans gained market cap and valuation.
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Re:FTX Implodes, and a Top VC Backer Falls on Its Face by fasthands9 on Tuesday November 15, 2022 @01:02AM (#33605842)
Presumably Sequoia wouldn't have done it if they weren't getting anything out of it. Is it too crazy to assume that they agreed to invest ~200M, in return for ~200M back and a percent of some token or stream? Both they and SBF would know a 200M investment would attract serious attention and retail buyers but both would need the other to make the headline.

I don't want to sound too conspiratorial but seems odd they would bother to do a transaction for this while lending their name unless they were getting something back.

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