Mark Zuckerberg played a prank on Sequoia Capital by pitching a fake startup idea called 'Wirehog' after a fallout between Sean Parker, a Sequoia-backed entrepreneur, and a Sequoia partner.
During the pitch meeting, Mark arrived late in pajamas, presenting 'Top 10 Reasons Why You Should Not Invest in Wirehog,' and Sequoia did not invest in either Wirehog or Facebook.
Years later, Sequoia made a huge profit when Facebook acquired WhatsApp, a company they had invested in, resulting in a 50x return on investment, and also profited from Facebook's acquisition of Instagram.
Sequoia Capital had the last laugh as they made billions from their investment in WhatsApp and earned from Instagram's acquisition, showcasing their successful investments despite the initial prank by Mark Zuckerberg.