Sources: Sequoia's Ravi Gupta and ex-Meta CRO John Hegeman seek to raise $1B+ for a holding company to acquire at least one company and infuse it with new tech
Sequoia Capital partner Ravi Gupta and former Meta Platforms Inc. Chief Revenue Officer John Hegeman are looking to raise …
Source: Sequoia Capital completed its $861M purchase of Stripe shares from Sequoia limited partners last week; Stripe didn't receive any proceeds
- It also could become a model for how VC firms deal with long-in-the-tooth portfolio companies. … - Some LPs exited completely …
Atlassian plans to acquire video messaging platform Loom for ~$975M, split as ~$880M in cash and the rest in stock, set to close in Q1 2024; Loom has 25M+ users
Loom changed the game with tapping the PLG market. Now, with atlassian all enterprise doors could open as well. [embedded post] @manpageman.bsky.social : Pivot! To! Video! [embedded post] X: Phil ...
GGV, which has backed companies like Alibaba, ByteDance, Xiaomi, and Didi, splits into Asia and US units; in July, the US asked about GGV's holdings in China
Move follows similar decision by rival Sequoia Capital and Biden order to limit American investment in Chinese tech
Sources: Bird is finalizing a deal to raise $100M in convertible debt, led by Sequoia Capital and Valor Equity, amid discussions about going public via SPAC
Source: Sequoia Capital recently bought shares of online automation firm Zapier from its founders on the secondary market, with the sale valuing Zapier at $4B+
Zapier isn't a household name in Silicon Valley, but the world's top venture capitalists have long been trying to own a piece of the booming enterprise software firm.
Sources: General Atlantic and Sequoia Capital, two top investors in ByteDance, are key drivers in Oracle's bid for TikTok; Twitter's bid has made little headway
Investment firms with large existing stakes in ByteDance pursue deal for app's U.S. operations, as potential alternative to Microsoft
VSCO acquires video editing startup Rylo, which had raised ~$38M, reached a valuation of ~$120.25M, and was backed by Sequoia Capital, among others
The photo-sharing app behind the 2019 meme craze “VSCO girls” has acquired Rylo, a video editing startup founded by the original developer of Instagram's Hyperlapse.
Profile of Qualtrics CEO Ryan Smith, who resisted taking VC money for over a decade before finally agreeing to deals with Accel and Sequoia Capital
- SAP is paying $8 billion in cash for Ryan Smith's Qualtrics — Utah-based software company had been planning to go public
Cisco buys location services company July Systems, which was founded in 2001 and has raised almost $60M from Sequoia Capital, Intel Capital, and others
Customer experience management is about getting to know your customer's preferences in an online context, but pulling that information …