Regulators are coming for venture capital. And it could get messy.
that the SEC "is seeking details about FTX investors' due diligence," including information on firm policies and if those policies were followed.The SEC is working on a rule that would eliminate private funds from seeking indemnification for simple negligence, effectivelyThe FTX-related inquiries are unlikely to amount to much, even if some VC fund managers did little more than blindly follow Sequoia Capital into the abyss.
Yes, there could be exceptions on FTX. Such as if any funds invested more than they were allowed, as a percentage of committed capital, or if they subsequently lied to investors about actions taken during diligence. But neither seems likely.by venture's trade lobby, would matter much more to the industry than has FTX.
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