If a VC firm tells you to keep your funds in a bank that gets a run, and you lose access to it, that VC firm destroys its reputation forever.
Please think about the payoff matrix and the fiduciary responsibility of the actors.
Please think about the payoff matrix and the fiduciary responsibility of the actors.
Replace the words "VC firm" with "Sequoia" in the previous statement and see if it rings true that Sequoia's reputation would be destroyed forever.