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09:32

CZ New Book Disclosure: Venture capital silence during the Sept. 4, 2017 period disappointed him; Sequoia did not close the deal due to a valuation disagreement

Changpeng Zhao, recalling the 2017 policy turmoil, said that after it, venture capital took a cautious approach, and Sequoia paused its collaboration. He felt disappointed, but he still achieved user growth after the policy shock. In the end, due to a valuation disagreement, Sequoia was unable to invest. CZ believes that venture capital only supports projects in good times.
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