Business columnist Gene Marks is angry. He feels that venture capital firm Sequoia Capital did the other 99.99999% of us harm by investing in FTX. In his words, “super-smart people led millions of unsuspecting people into financial loss or ruin.” Actually, that’s not true.
If Marks doubts the above, he should contact investor relations at Sequoia about investing in one of their funds. He would have better odds of getting struck by lightning than being allowed in. If we ignore superfluous regulations that might exist as a barrier to Marks gaining exposure to Sequoia’s undeniably “super-market people,” we can’t ignore that the line to invest alongside Sequoia is a long one that yes - 99.99999% of us – would never get to the front of.
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