"Firms like Sequoia are bulletproof until they aren't."
"Maguire called him an 'Islamist' who 'comes from a culture that lies about everything' in a July 4th tweet on X."
"More than one thousand signatures have poured in since on a petition demanding that Sequoia condemn the remarks, investigate Maguire's conduct, and apologize."
"Controversy as competitive advantage has been described as 'good for deal flow'."
Sequoia Capital faced criticism over partner Shaun Maguire's inflammatory remarks about a political candidate. Initially, outrage was directed at him, which eventually cooled, with some suggesting that the controversy could enhance deal flow. However, this strategy is risky; another provocative comment or change in public sentiment could backfire. A crisis management expert noted that Sequoia's reputation is vulnerable to potential liabilities. A petition demanding accountability for Maguire's remarks has garnered over a thousand signatures, emphasizing the urgency for Sequoia to respond to the public outcry.
Read at TechCrunch
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