Sequoia Capital Marks Its $150M FTX Investment as $0, Clarifying It Is Not a Top 10 Position

Per CNBC

Sequoia Capital is marking its $150 million investment in FTX as zero amid possibilities of bankruptcy. The venture capital firm said FTX is not a top-ten position in their fund.

Sequoia said its $150 million cost basis accounts for less than 3% of the total fund. The firm said the loss was offset by $7.5 billion in realized and unrealized gains in the same fund.