[bmitc]

It's a bit strong to call Sequoia "fraud victims". They were at a minimum incompetent and at a maximum intentionally misleading to other investors. You shouldn't write an article like this (https://archive.ph/GQkCp) unless you have done your research. Did they do literally any due diligence prior to leading a massive investment round?

Just because they stand to lose millions doesn't excuse their responsibility and influence. Venture capitalists have no one to blame but themselves for the risky companies out there. They are effectively snake oil salesmen, just looking to siphon off relatively short-term profits under the guise of "changing the world".

[tomatocracy]

Isn't it a bigger indictment of the "follower" investors who did no due diligence of their own because Sequoia was investing? Why would anyone trust their money with these investors instead of investing with Sequoia if that's all they do?

[bmitc]

In my opinion, it's all of the above.