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Sequoia Holdings says employees get salary in cryptocurrency

Sequoia

Programming advancement administrations supplier Sequoia Holdings LLC said on Thursday its workers would now be able to get a piece of their compensation in cryptographic forms of money, should they decide to.

Under the new program, workers can choose to concede a bit of their compensation into bitcoin, bitcoin money, or the Ethereum stage’s ether, Sequoia Holdings said.

Recently, Bitcoin, the world’s most mainstream digital currency, hit a record high of $40,000, energizing over 900% from a low in March and having just barely penetrated $20,000 in mid-December.

The flood has been fueled by expanded interest from institutional, corporate, and all the more as of late retail financial specialists, pulled in by the possibility of speedy additions.

Sequoia Capital is an American investment firm. The firm is settled in Menlo Park, California and chiefly centers around the innovation industry. It has sponsored organizations that currently control $1.4 trillion of joined securities exchange value. Sequoia deals with various venture reserves including reserves explicit to India and Southeast Asia, Israel, and China. The firm has workplaces in Singapore, Menlo Park, Bengaluru, Hong Kong, Beijing, Tel Aviv, London, Shanghai, Mumbai, and New Delhi.

Sequoia was established by Don Valentine in 1972 in Menlo Park, California. During the 1990s, Valentine gave control of the organization to Doug Leone and Michael Moritz. In 1999, Sequoia extended its activities to Israel. Sequoia Capital China was set up in 2005 as an associate to the U.S. firm. The organization is driven by Neil Shen. In 2006, Sequoia Capital obtained Westbridge Capital Partners, an Indian investment firm. It later was renamed Sequoia Capital India. CB Insights perceived Sequoia Capital as the main investment firm in 2013. The U.S. firm had 11 accomplices as of 2016.

Also check: crypto casino

In 2015, Sequoia director Michael Moritz was examined concerning Sequoia’s absence of any ladies contributing accomplices. Moritz contended that there were not many qualified female competitors since American ladies “will, in general, choose not to study the sciences when they’re 11 or 12”, and said that Sequoia would not “settle for the easiest option” to recruit women. Following analysis of Moritz’s remarks, in 2016 Sequoia employed Jess Lee as the main female putting accomplice in the company’s 44-year history.

In 2020, Sequoia set-up its first European office in London, UK, and employed Luciana Lixandru to lead it.

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