Sequoia Capital partner Divya Gupta is leaving the firm just weeks after the storied venture capital firm apologized to limited partners about its $214 million investment in the now-bankrupt crypto exchange FTX.
Gupta worked on seed- and early-stage investments in cryptocurrency and artificial intelligence at Sequoia, and has worked at the firm for under a year. A Sequoia spokesperson said he had no involvement in making the FTX investments.
But the FTX implosion, in addition to wiping out venture investors’ stakes, has sent shockwaves through the broader crypto industry and is likely to prompt even the most active investors to reassess their crypto strategy.