News for hackers. Stuff that matters.
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.

There are no comments on this comment yet.