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Sequoia tells investors it is marking down its FTX investment, totaling $213.5M across two funds, to zero dollars, saying it "ran a rigorous diligence process" (Dan Primack/Axios)

Photo of Grace Will Grace Will November 10, 2022
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Dan Primack / Axios:

Sequoia tells investors it is marking down its FTX investment, totaling $213.5M across two funds, to zero dollars, saying it “ran a rigorous diligence process”  —  – Its $150 million of exposure to both FTX and FTX.US in its third global growth fund represents less than 3% of that fund’s total capital commitment.



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