Conference/Tweets/Presentations/News, page-1479

@konameh, I have asked the same question to the coy myself. And this is what I am lead to believe. Sequoia invests primarily in start ups. They invest at the seeded capital level with LIFX approx 7 years ago. When the coy got into financial difficulties and the Chinese manufacturer took a 51 % stake, sequoia wrote off the investment to zero. They never expected to see a return from their investment. Fast forward 6 years and BUD buys LIFX. Now Sequoia has an investment they now longer have a place for. it neither fits their investment profile and they would not have done DD on the BUD commercial business. SO the only answer is to exit.