Source: investors in at least two mature Sequoia funds will see 11X returns on paper, after fees, and another fund is showing 8X returns
About a week before the coronavirus was declared a pandemic, one of the world's leading venture capital firms issued a dire prophecy.
Bloomberg
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Discussion
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@katie_roof
@katie_roof
on x
Remember Sequoia's “Black Swan"memo? Well the firm is having a really good year anyway. We got ahold of their returns https://www.bloomberg.com/...
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@katie_roof
@katie_roof
on x
Sequoia has the reputation in the venture capital industry for being a top performer. We got our hands on the return data for several of their funds, where they turned every dollar into $11. Story w/ @mcbridesg https://www.bloomberg.com/...
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@kateclarktweets
Kate Clark
on x
Nine months after its infamous Black Swan memo, which painted a grim outlook for startups, @sequoia's having one of its best years yet. @roelofbotha says “It's a positive surprise.” Great scoop from @Katie_Roof & @mcbridesg https://www.bloomberg.com/...
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@mark_dow
Dow
on x
Pretty black swan-ish for permabears tho tbh https://twitter.com/...
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@pitdesi
Sheel Mohnot
on x
Bloomberg got Sequoias returns; they as good as you'd expect. Sequoia Capital XI (2003): 8X return. LinkedIn & Youtube Sequoia Capital XII (2006): 10.9X. AirBnB & Unity Sequoia Capital XIII (2010): 11.1X. Square, Stripe, WhatsApp. Could go much higher. https://www.bloomberg.com/.…
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@mcbridesg
Sarah G McBride
on x
Sequoia's returns are a closely guarded secret— til now. W @Katie_Roof https://www.bloomberg.com/...
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@davidu
@davidu
on x
To be fair, Sequoia has only had outstanding performance for 48 years. Before that nobody had ever even heard of them. https://twitter.com/...
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@jordannovet
Jordan Novet
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'Sequoia's stakes in Airbnb and DoorDash will be worth a combined $9 billion this week if each prices shares at the high end of their estimates.' https://www.bloomberg.com/...
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@bznotes
Bilal Zuberi
on x
If any firms' partner should be thinking about moving to low tax places, it should be this firm's. These are amazing returns. “The Black Swan” is doing well. https://www.bloomberg.com/...
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@sarthakgh
Sar Haribhakti
on x
Stripe, Instacart, Doordash, Airbnb, Zoom, Sumo Logic, Snowflake, Unity Virtually all of them accelerated this year and they are all Sequoia companies https://twitter.com/...
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@lisafleisher
Void Where Prohibited
on x
“Venture-backed IPOs have raised more so far this year than at the height of the dot-com boom” https://www.bloomberg.com/...