The firm has faced a lot of questions over its investment in the collapsed crypto exchange.
Alfred Lin of Sequoia Capital speaks onstage during TechCrunch Disrupt NY 2016. Photo: Noam Galai/Getty Images for TechCrunch.
Sequoia Capital partner Alfred Lin said on Thursday at an event in San Francisco that the firm believes it was misled by: The firm, which is widely regarded as the most successful in Silicon Valley, has faced a lot of questions over its investment in the collapsed crypto exchange.
He also explained that while in theory Sequoia Capital could have asked for a seat on FTX's board, it owned less than 1% of the company so it's not something it would have gotten.Lin said he feels bad for him that he felt he had to resort to the actions he took to raise funding and prop up the company. But he added that the CEO, who has1 VC thing:
Lin also disclosed that Sequoia Capital is currently charging limited partners fees based on capital invested for both its
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