I think that’s overstepping. Investigated for what? Investors are allowed to lose money.
If you mean that Sequoia was complicit in fraud, that’s a claim that would need reasonable suspicion before an investigation, not after. Right now it looks like they lost money along with all the other investors, and they were all investing in good faith.
If we punish investors, that would have a devastating effect on the startup ecosystem. And that ecosystem is one of the US’s main advantages.
If the investors fund scams, then they are just as responsible for the consequences. They don’t live above the law. Startups that exist to launder money should not exist. That is not innovation.
Exactly. Imagine if a wealthy person were to fund a terrorist to harm people, won't the wealthy person also be called a terrorist?
The money these vcs invest is not their own either. They get this money from their lps. Lp should also investigate them...and so should the government. Funding scam boys cannot go unscathed. At leat shut them down
