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Crypto Billionaire Sued by Sequoia After Funding Deal Goes Awry (bloomberg.com)
25 points by petethomas 8 months ago | hide | past | web | 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.'

https://www.bloomberg.com/view/articles/2018-04-25/what-if-h...




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