Sequoia Capital said that investment is a risky thing. Some investments will have unexpected high returns, while some investments will have unexpected losses. Sequoia Capital does not take this responsibility lightly and has always conducted extensive research and thorough investigation on every investment it makes. When Sequoia Capital invested in FTX, it conducted rigorous due diligence. When investing in FTX in 2021, FTX generated approximately $1 billion in revenue and over $250 million in operating income, consistent with FTX's information when it went public in August 2022. #FTX