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What's Your Like Before You Invest?
Sequoia wrote a letter to investors saying, please remember how many billions of dollars we managed. Like this is a blip in our whole portfolio. We're sell out performing like it's all going to be fine. $32 billion valuation gone to zero and 48 hours means that there was like a lack of diligence obviously. I think that's what happens in overheated sectors is like all the money goes because nobody's willing to do the work.