> Sequoia, which invested $145 million in 23andMe, still holds all its shares, he said. Today they are worth $18 million.
Interesting that they weren't forced to liquidate/distribute the shares to their LPs
I would imagine that any fund is allowed to make losses on specific investments, least of all a hyper-aggressive VC fund which will create losses on many (most) positions, by design. And then once losses happen they should be treated for what they are - just another position where decisions should be made based on the outlook, and not based on the history.
"Sequoia is abandoning the 10-year venture fund, in which limited partners, the outside investors that contribute to the fund, expect to get paid back over a decade. The firm said it’s establishing a single fund, the Sequoia Fund, that will raise money from LPs and then funnel that capital down to a series of smaller funds that invest by stage.
Proceeds from those funds will feed back into the Sequoia Fund. With no time horizon, Sequoia can hold public stock for longer stretches, rather than distributing those shares to LPs. Investors who want liquidity can pull money out instead of waiting for distributions."
https://www.cnbc.com/2021/10/26/sequoia-changes-fund-structu...
I smell a conspiracy theory.
1. your DNA results are not interesting to anyone even if they're evil.
2. if someone wanted your DNA in particular, they just need a bit of your hair, so there is already absolutely nothing you could do to stop them.