The deal values Josh Kushner's Thrive at $5.3 billion.
The firm was one of the early investors in Twitter, Facebook and Airbnb.
It's not so easy for venture firms to de-link from Russian investors.
Outliers such as Steve Jobs and Mark Zuckerberg were much younger when they started their businesses.
Justin Zhu said the board of marketing company Iterable dismissed him for taking LSD before a meeting in 2019.
Investors in at least two mature yet active Sequoia funds will see 11-fold returns on paper, after fees.
A number of big names in the tech industry have socialized with the financier.
Musk’s tunneling startup could potentially make available its massive drills or excavation expertise.
"No more need to use a dainty ‘match’ to ignite [barbecues and fireplaces]!" Elon Musk wrote on Twitter.
"If you build a tunnel in L.A., you can build one anywhere," Elon Musk said.