Going forward, I will break this policy a bit and be more vocal about issues I see in the industry. May cause more "debates" or more fight memes. But that's not my intention. It's to reduce risk. Even if they are false alarms.
Sequoia invested in a $420m round in FTX at a $25B valuation in October 2021 and a consortium with Paradigm invested $400M at $32B in January 2022.
And now it's selling in a fire sale?
This is a truly crazy event in startup world. Dot-com bust level event