I would wager that this is because Stripe openly complained with them and demanded a public dissociation if Sequoia wanted to be eligible to invest in future rounds of Stripe.
They try to spin this like it's a good thing for Finix, but the reality is that every other VC in the world will now wonder what dead bodies are hiding in the closet there.
If I would be Finix I would heavily focus on profitability and taming whatever demons you have inside the company to avoid going to capital markets for a very long time.
They try to spin this like it's a good thing for Finix, but the reality is that every other VC in the world will now wonder what dead bodies are hiding in the closet there.
If I would be Finix I would heavily focus on profitability and taming whatever demons you have inside the company to avoid going to capital markets for a very long time.