🔁Mario Nawfal:
🚨 VC FIRMS ERASE EVIDENCE OF BAD INVESTMENTS LIKE FTX AND BOLT
To avoid scrutiny over failed deals, top investment firms are quietly deleting references to their biggest flops.
Sequoia Capital removed its glowing profile of FTX, the crypto exchange that went bankrupt, and Index Ventures deleted praise for Fast, a checkout startup that failed.
WestCap Group, led by ex-Airbnb exec Laurence Tosi, went even further—scrubbing its entire investment list after crypto lender Celsius filed for bankruptcy and Klarna’s valuation crashed by 85%.
Bolt, another troubled investment, faced its own struggles as founder Ryan Breslow's controversial funding rounds and leadership moves sparked legal battles.
These firms are trying to hide their bad bets, but the impact is hard to erase.
Source: The Information
https://x.com/MarioNawfal/...
🚨 VC FIRMS ERASE EVIDENCE OF BAD INVESTMENTS LIKE FTX AND BOLT
To avoid scrutiny over failed deals, top investment firms are quietly deleting references to their biggest flops.
Sequoia Capital removed its glowing profile of FTX, the crypto exchange that went bankrupt, and Index Ventures deleted praise for Fast, a checkout startup that failed.
WestCap Group, led by ex-Airbnb exec Laurence Tosi, went even further—scrubbing its entire investment list after crypto lender Celsius filed for bankruptcy and Klarna’s valuation crashed by 85%.
Bolt, another troubled investment, faced its own struggles as founder Ryan Breslow's controversial funding rounds and leadership moves sparked legal battles.
These firms are trying to hide their bad bets, but the impact is hard to erase.
Source: The Information
https://x.com/MarioNawfal/...
4 days ago
