The saga of the FTX exchange, its sister company Alameda Research, and former CEO Sam Bankman-Fried continue following the bankruptcy proceedings. So far, There have been many discoveries, rejected p...
Tag: Sequoia
Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 m...
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
According to the papers filed with the court, Alameda Research, the investment division of FTX, has reached an agreement to sell the company’s remaining stake in Sequoia Capital to Al Nawwar Inv...
FTX proposes $4M employee bonus plan; intends to sell $45M stake in Sequoia Capital
Ad Bankrupt FTX proposed a retention plan that would pay the exchange’s employees bonuses of up to 94% of their salary, according to a March 8 court filing. The bonus is capped at $4,027,204 and is de...
Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi
The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi. A court document from the United States Bankruptcy Court for the ...
Sequoia and a16z Make More Investments in Fintech than in Any Other Sector in 2022
Leading VC giants Sequoia & a16z undertook several investments in the fintech space in 2022, more than any other sector. Sequoia Capital and Andreessen Horowitz (a16z) reportedly invested more in ...
Sequoia Capital and a16z Invested Heavily in Fintech in 2022
Major venture capital firms are doubling down on fintech, with the industry dominating the portfolios of firms like Sequoia Capital and a16z. Both firms invested significant amounts into the space in ...
Sequoia Capital, ‘Inspector Gadget’ creator hit by FTX class-action lawsuit
Sequoia Capital, the creator of “Inspector Gadget,” Signature Bank and others linked to defunct crypto exchange FTX were slapped with a class action lawsuit this week, which alleges the defendants kne...
Multicoin, Sequoia Lead $6M Round in Solana-based Crypto Wallet TipLink
TipLink’s premise is simple: Create a new crypto wallet, deposit funds, and then send it—wallet and all—to a recipient using a link. Now, that premise is about to be tested at scale. The company just ...
Sequoia, Multicoin co-lead $6M funding for Solana-based crypto payments startup TipLink
TipLink, a crypto payments platform built on the Solana blockchain, raised $6 million in a seed funding round. Sequoia Capital and Multicoin Capital co-led the round, with Solana Ventures, Circl...
FTX investors file class-action suit against Sequoia
According to reports, users of the now-defunct cryptocurrency exchange FTX have taken aim at financiers who marketed the platform, arguing that their efforts provided a “air of legitimacy”...
Investors Sue Sequoia, Paradigm, And Thoma Bravo For Promoting FTX Legitimacy
Investors of the now-bankrupt cryptocurrency exchange, FTX, have taken legal actions against venture capitalists and equity firms that supported the crypto exchange. The FTX users allege that these eq...
Sequoia Capital, Paradigm, Thoma Bravo Accused of Promoting the Legitimacy of FTX (Report)
Leading venture capital firms such as Sequoia Capital, Thoma Bravo, and Paradigm were reportedly indicted for adding an “air of legitimacy” to the bankrupt cryptocurrency exchange FTX. Sam Bankman-Fri...
Investors sue Sequoia Capital and other VCs for promoting FTX
Investors in crypto exchange FTX have reportedly aimed at the financial firms who promoted the platform, alleging that their efforts lent a false sense of legitimacy to the now-collapsed exchange. Inv...
Critics of Sequoia’s Investment In Sam Bankman-Fried Continue To Elevate…Sequoia
Time will tell on the matter of Sam Bankman-Fried and FTX. The view expressed in my new book The Money Confusion is that with any new commercial sector, there’s always lots of failure in the early sta...
Sequoia China and Dao5 back ZK startup Hyper Oracle
Zero-knowledge (ZK) middleware developer Hyper Oracle closed a $3 million round co-led by Sequoia China’s seed fund and Dao5. Foresight Ventures and FutureMoney Group also participated in ...
VC Giant Sequoia Remains Optimistic About Crypto
Alex Dovbnya Despite recent market woes, Sequoia remains optimistic about crypto investments Despite the headwinds facing the venture capital industry and its portfolio holdings, Sequoia Capital remai...
Sequoia Capital’s Alfred Lin in his first public interview since the implosion of FTX (video)
Last night, at an industry event hosted in San Francisco by this editor, venture capitalist Alfred Lin of Sequoia Capital sat down for a one-on-one conversation about the evolution of his storied inve...
Sequoia Capital Exec Shines Light On Due Diligence On FTX Investment
According to partner Alfred Lin on Thursday, Sequoia Capital has reduced management fees in its two most recent venture funds as it prepares for a slower investing climate. Limited partners contribute...
Contra Its Critics, Sequoia Capital Is the Hero of the Sam Bankman-Fried, FTX Story
Business columnist Gene Marks is angry. He feels that venture capital firm Sequoia Capital did the other 99.99999% of us harm by investing in FTX. In his words, “super-smart people led millions of uns...
Sequoia’s Neil Shen Tops Forbes China Ranking Of Best Venture Investors
Sequoia Capital China’s Neil Shen in 2019. (Photo by VCG/VCG via Getty Images) VCG via Getty Images Neil Shen, the founding partner of Sequoia Capital China, topped an annual list of China’s bes...
Sequoia Capital Regrets Backing FTX But Defends Vetting Process
(Bloomberg) — Top partners at the powerful venture capital firm Sequoia Capital apologized to their investors in a conference call Tuesday for backing FTX, a pair of bankrupt cryptocurrency exch...
Sequoia Capital apologizes to investors after $150 million FTX loss: WSJ
Sequoia Capital partners apologized to investors for the $150 million it lost on investments in crypto exchange FTX, the Wall Street Journal reported. In a Tuesday call with investors, Sequoia p...
VC firm Sequoia Capital’s Doug Leone on the fallout from FTX collapse
Doug Leone, managing partner at Sequoia Capital LLC, speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. The event brings together leaders in fi...
Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. ...
Paradigm marks down FTX investment to zero: Sources
Crypto investment firm Paradigm has told its limited partners that it marked down its investment in now bankrupt exchange group FTX to zero following its liquidity meltdown, according to two persons f...
VC Sequoia Capital upsets FTX
Sequoia Capital loses its confidence in FTX resulting in its FTX investments to zero. The Venture Capital firm has sent a letter to its LP. FTX on a continuous downfall. Current Stats Venture Capita...
Sequoia Says Investment in FTX Does Not Negatively Impact its Fund
Major venture capital firm Sequoia Capital has written down the value of its investment in the beleaguered crypto exchange FTX, to zero. Notably, the company was part of the investors who participated...
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’ – Exchanges Bitcoin News
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stress...
Crypto Is Losing a Big Trader. A Top Exchange May Also Be Worthless.
The world of cryptocurrency remains in turmoil. The dust hasn’t settled, but it looks like the market will lose one one of its most influential trading firms, and possibly one of the largest exchanges...
Sequoia Capital Drops Its FTX Holdings to $0, Following “Liquidity Crunch”
3 hours ago | 2 mins read Exchange News VC firm, Sequoia said that the platform was writing down the full value of its investments in FTX. Sequoia Capital invested around $214 million in the FTX platf...
Sequoia Capital’s $213.5m Investments in FTX Marks Down to $0
The liquidity crisis in the cryptocurrency trading platform FTX.com continues to escalate in the crypto market. On November 10, Sequoia Capital shared a note on FTX sent to Global Growth Fund III on T...