![]() ![]() Helios Capital founder Samir Arora too took a dig at the recent change of events. As such, FTX is exploring all opportunities to ensure its customers are able to recover their funds as quickly as possible,” the note at the beginning of the article that puts the spotlight on SBF now says. For FTX, we believe its fiduciary responsibility is first to its customers, and second to its shareholders. To that end, we shared this letter with them today regarding our investment in FTX. For Sequoia, our fiduciary responsibility is to our LPs. Many have been affected by this unexpected turn of events. “Since this article was published, a liquidity crunch has created solvency risk for FTX and its future is uncertain. He is only 30.Īnd now as the tables have turned, that article has been updated with a note. ![]() FTX is a company in its infancy.” Just earlier this year, SBF had a net worth of $32 billion. The author of the article also wrote: “SBF has a net worth, as estimated by Forbes, that’s higher than the vast majority (80 percent) of the world’s billionaires-and, yet, he’s only gotten started. Michelle Bailhe, who knew SBF and his firm well, had then quipped: “I think he has a real chance at that.” In an article published by Sequoia, a historian had asked a partner at the firm whether she feels the FTX founder had a chance at becoming the world’s first trillionaire. Venture capital firm Sequoia Capital is going to cut down its investment in cyptocurrency exchange firm FTX to zero from over $210 million as bankruptcy looms over the Sam Bankman-Fried led firm, the company announced today, just months after showering heavy praise on ‘SBF’. ![]()
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