Sequoia Capital’s $213M Investment in FTX is Now Worthless

Hours ago, Sequoia Capital announced the total loss of their investment in the now apparently bankrupt FTX. In a statement to LPs (read: investors), the fund stated they are currently valuing their FTX investment at $0. The statement was republished to the firm’s Twitter account: Across 2 funds, Sequoia Capital has invested over $213 Million

Ty Smith

November 10, 2022 · 1 min read

Image Credits: Umay Isik / Pexels

Hours ago, Sequoia Capital announced the total loss of their investment in the now apparently bankrupt FTX.

In a statement to LPs (read: investors), the fund stated they are currently valuing their FTX investment at $0.

The statement was republished to the firm’s Twitter account:

Here is the note we sent to our LPs in GGFIII regarding FTX. pic.twitter.com/Cgp1Yxk1pz
— Sequoia Capital (@sequoia) November 10, 2022

Across 2 funds, Sequoia Capital has invested over $213 Million in FTX.

Sequoia noted that, despite the total loss of the FTX investment, the position accounted for only a minor aspect of the total funds.

Other investors in FTX include Tiger Global, SoftBank’s Vision Fund, and Tom Brady.

This is a developing story. More information will be published as it is made available.

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