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Crypto Billionaire Sued by Sequoia After Funding Deal Goes Awry (bloomberg.com)
25 points by petethomas on April 25, 2018 | hide | past | favorite | 1 comment

Matt Levine wrote in his column today, also on Bloomberg:

`“at issue is whether Zhao’s talks with IDG Capital violated his exclusivity agreements with Sequoia.” I have to say, even if they did, it’s hard to blame him: If you strike a deal to sell some of your crypto exchange at an $80 million valuation, you can’t really wait around for months to finalize it. Crypto valuations seem like they’d be good for a day or two, tops.'


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