By Instaclustr Wednesday 22nd August 2018

Term Sheet — Friday August 17, DoorDash, Sloth and Gluttony, and Crypto Venture Funds

News

Good morning Term Sheet readers. Lucinda here temporarily taking over until Polina’s return Monday. Read me here: Lucinda.shen@fortune.com.

Sloth and Gluttony.

Two of the seven deadly sins, and also two of the reasons Sequoia Capital contributed to a DoorDash’s $535 million Series D funding in March.

“We have a thesis at Sequoia that good investing addresses one of the seven deadly sins. Tony addressed two of them: Sloth and Gluttony,” Alfred Lin of Sequoia said of DoorDash CEO Tony Xu during Fortune’s Brainstorm Tech conference.
Read more here.

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