Mercor CEO Brendan Foody Accuses Sequoia of 'Dual-Pricing' Valuation Tricks

TechCrunch·medium signal

Mercor founder Brendan Foody publicly called out Sequoia and other top venture firms for what he describes as 'dual-pricing' — selling the same equity at two different prices. The accusation, reported June 8, spotlights opaque valuation mechanics in the frothy AI funding market where headline numbers can mask the true price investors pay. It's a rare on-the-record founder critique of a marquee VC's deal structuring.