Semafor, a news startup, plans to buy back Sam Bankman-Fried’s stake in the company, according to The New York Times . Bankman-Fried invested approximately $10 million in the startup, which raised roughly $25 million before it launched in October, the report said. Bankman-Fried, founder of now-bankrupt crypto exchange FTX, was charged last month with eight criminal counts, including wire...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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