Source: a holding company created by merging PrismHR and Vensure acquires HR startup Namely, which raised $200M+ from Sequoia and others (Dan Primack/Axios)

Dan Primack / Axios:
Sequoia tells investors it is marking down its FTX investment, totaling $213.5M across two funds, to zero dollars, saying it “ran a rigorous diligence process”  —  – Its $150 million of exposure to both FTX and FTX.US in its third global growth fund represents less than 3% of that fund’s total capital commitment.

Kate Clark / The Information:
SBF quietly invested $500M+ in Paradigm, Altimeter, and other VCs, including, sources say a $200M commitment to Sequoia, and $300M to K5 per PitchBook  —  FTX founder Sam Bankman-Fried was not only a tireless fundraiser from venture capital firms including Paradigm and Sequoia Capital …

Sarah Perez / TechCrunch:
Mark Cuban’s interactive streaming app Fireside acquires streaming platform Stremium and plans to launch on smart TVs, Amazon Fire TV, Roku, and other devices  —  Mark Cuban-backed streaming app Fireside, which today offers podcasters and other creators a way to host interactive …

Paul Sawers / TechCrunch:
Stockholm-based autonomous and electric truck company Einride raised a $200M Series C from Northzone and others and $300M in debt from Barclays  —  Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally.

Sara Fischer / Axios:
Memo: Meta plans to merge its business integrity unit, which moderates ads, and central integrity team, which moderates posts; the team will have ~3,000 people  —  Meta is merging its business integrity unit, the team that moderates ad content, with its central integrity team …

Brad Stone / Bloomberg:
Sequoia’s 14,000-word SBF profile by journalist Adam Fischer was mishandled and, since being deleted, has served no purpose other than to embarrass the firm  —  A now-infamous profile of the fallen FTX founder illustrates the predictable dangers of corporate content creation.  But first…