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Sequoia resigns from Citizen's board, IPO window opens, chaos at Dapper Labs | E1691
This Week in Startups
Is Sequoia in a Distress Funding Round?
I mean, it seems like a lose, lose for citizen. It's hard for that not to be a signal. That's why the marks typically happen quietly. And usually people say nice things about each other if it does come out. So this is a group of people who have a ton of money, a ton of knowledge, and they elected to not participate in this funding round which was a distress funding. I believe they have about $80 billion. Does Sequoia know how to build large, meaningful companies in the world? Right. Have they participated in building companies for the ages and know how to operate these businesses? Yeah, better than anybody, you could argue.
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