In a rare move, US venture capital firm Sequoia Capital has reportedly apologized to its fund investors for the $150 million it lost on the now-defunct crypto exchange FTX.
The apology was reported by The Wall Street Journal, citing people familiar with the matter. Sequoia’s partners reportedly told fund investors on a call Tuesday that the firm will improve its due-diligence process when it comes to future investments.
Read more: Venture Capital Firm Sequoia Apologizes to Fund Investors for Losing $150M on FTX
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