Sequoia partner says investing in FTX was the right move

Sequoia Capital's Alfred Lin defended the firm's investment of $213.5 million in the crypto exchange FTX, which has since filed for bankruptcy. During Bloomberg's Tech Summit, Lin expressed that if given the opportunity to evaluate FTX again, Sequoia would likely make the same investment decision. He stated, "I thoroughly analyzed our actions from multiple perspectives, and it is probable that we would have invested again."



Sequoia Capital manages approximately $85 billion in assets and has investments in prominent technology companies as well as various crypto ventures.



The venture capital firm allocated a total of $213.5 million across two of its funds for investments in FTX and FTX US. The Global Growth Fund III accounted for a $150 million investment in FTX, equivalent to 3% of the fund's capital. The Capital Global Equities


First found on: https://coinatory.com/2023/06/24/sequoia-partner-says-investing-in-ftx/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP