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justinzollars
on Dec 14, 2022
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The United States of America vs. Samuel Bankman-Fr...
There was. They marked their entire investments to zero. A total loss.
flylib
on Dec 14, 2022
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SBF invested 200 million back into Sequoia funds as an LP, wasn't that big of a loss as they invested 214 million into FTX
MrPatan
on Dec 14, 2022
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Wasn't it 500 million?
majormajor
on Dec 14, 2022
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Are people going to trust them with their money to let them raise future funds?
If so: why?
dotnet00
on Dec 14, 2022
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People will still trust them with their money because social accountability mechanisms are not that great, PR is a thing and people are even more prone to FOMO and skipping due diligence than even VC investors have been here.
melony
on Dec 14, 2022
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What about the funds that FTX invested back into Sequoia?
justinzollars
on Dec 16, 2022
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Sounds like Sequoia has something to go after.
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