Sequoia also backed Apple, Cisco, Google, Youtube, Instagram, LinkedIn, PayPal, Reddit, Zoom and many more. They are just one of the largest VCs out there.
There is a difference from backing a fraud vs backing a failure.
No one is pointing fingers for the latter.
SBF would have never done anything with a simple BoD requirement: independent auditor. That was not done by BoD. This is a very standard requirement for most companies beyond A. SBF got special treatment. Why is the question
Many of those other investments date from the 90s and 2000s.
The firm has since lost its mojo. The transcript of the discussions behind the SBF investment are embarrassing.