The Shake Up at Sequoia

I was surprised both framework and myself invested in the latest round along with 10T because we're super excited about, I mean, we sit here every week and so it just made sense. The Sequoia shift is also happening in other major funds. It's really just the crypto native firms that remain. Both Vance and I went to one of our large LPs annual meeting and they run a multi strategy approach to all of their LP relationships. And there was an entire day dedicated to blockchain, which we presented on different panels,. but it is very clear that there is stark difference between traditional venture and token-based technology.

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