The Star Sequoia Investor Behind FTX’s Collapse

Last week, Sequoia Capital partner Doug Leone compared FTX’s blowup to childbirth. “Like having a child, you forget the pain of having that child three months later, a year later,” he said on stage at a conference in Europe.

Leaving aside the strange and inappropriate metaphor, Sequoia should not “forget the pain” FTX has caused in three months or a year. It should take a step back and examine the rippling effects the failure of FTX will have on the entire VC and startups industry.