Sequoia Capital has reportedly stopped funding the crime-tracking app Citizen amid a startup financing drought. According to a Saturday (Feb. 25) Financial Times (FT) report, Sequoia had been one of Citizen’s earliest and largest backers, leading a $12 million Series A round in 2017 and...
Fraud is often obvious in retrospect, and as the dust around a scandal settles, it is often easy to point fingers at the failings of those actors who could have done better. The implosion of once-popular crypto exchange FTX and its press-friendly CEO Sam Bankman-Fried...
Venture capital (VC) firm Sequoia Capital has apologized to its investors for its loss in the fallen cryptocurrency exchange FTX and said it will step up its due diligence for future investments. Sequoia partners said this in a call with investors after having written off...
Hindsight is 20/20, and its perspective is often brought into further clarity by regret. Just ask some of the venture capital industry’s most well-known firms, like Tiger Global Management, SoftBank and Sequoia Capital, who all wrote big checks supporting the since-imploded cryptocurrency exchange FTX and...
November 24, 2022
Fraud is often obvious in retrospect, and as the dust around a scandal settles, it is often easy to point fingers at the failings of those actors who could have done better. The implosion of once-popular crypto exchange FTX and its press-friendly CEO Sam Bankman-Fried (SBF), along with his deputies at Alameda Research, shows that, […]
September 20, 2019
Today in the payments news roundup, Wells Fargo is collaborating with data platform Plaid to let customers manage their finances in one place through an application programming interface (API). Also,...
September 04, 2024
Safe Superintelligence, the company co-founded by OpenAI veteran Ilya Sutskever, has reportedly raised $1 billion. The company plans to use the funds to boost its computing power and hire talent, management told Reuters in an interview published Wednesday (Sept. 4). Safe Superintelligence (SSI) declined to share its valuation, though sources told Reuters the firm is valued at […]
February 26, 2023
Sequoia Capital has reportedly stopped funding the crime-tracking app Citizen amid a startup financing drought. According to a Saturday (Feb. 25) Financial Times (FT) report, Sequoia had been one of...
November 22, 2022
Venture capital (VC) firm Sequoia Capital has apologized to its investors for its loss in the fallen cryptocurrency exchange FTX and said it will step up its due diligence for...
August 24, 2020
Investment firms Sequoia Capital and General Atlantic, which are major investors in TikTok‘s parent ByteDance, are pushing the firm to sell TikTok’s U.S. arm to Oracle instead of rival suitor...
