Difference between revisions of "Sequoia Capital"

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== Basics ==
== Basics ==


== Invested in ==
* In a short [https://twitter.com/Blockanalia/status/1533070217122746373?t=4TJBUu2JGt2t-bIWaI4a5Q&s=19 thread] about VCs and dumping, Sequoia India was one of the [[HODL|hodlers]] (4-6-2022):
* [https://www.forbes.com/sites/alexkonrad/2020/10/18/these-young-investors-betting-big-on-crypto-are-taking-harvard-and-stanford-along-for-the-ride/?sh=197146934212 From] [[Forbes]] (18-10-2020):
 
''"Another hardcore hodler's [[wallet]], with no user-side movement since Oct. 2021 [[Diamond hands|Diamond handed]] dudes!"''
 
== History ==
 
* Sequoia [https://twitter.com/alexrkonrad/status/1666030203015921664 split] (6-6-2023) into three firms. Sequoia China is now [[HongShan]]. Sequoia India is now [[Peak XV Partners]]. And Sequoia’s U.S. and Europe business continues as Sequoia Capital. Sequoia went global in the mid-2000s with separate funds that shared back-office functions, some LP backers, and its well-known VC brand. Now, it’ll end any back-office and profit sharing by Dec 31, and be fully separated “not later than” March 31, 2024.
 
== Investments ==
* [[Diamond hands|Diamond handed]] their [https://www.newcomer.co/p/sequoia-is-down-bad two biggest bets], DoorDash and Unify (non crypto) in 2021 and lost out on ~18B in profit when the stock markets started to crash in 2022. Sequoia plans to hold (21-6-2022).
*[https://www.theblockcrypto.com/post/134578/sequoia-capital-new-crypto-fund-tokens From] [[The Block]] (17-2-2022):
''"Sequoia Capital will bet on [[tokens]] through its new crypto fund worth $500-600 million. The VC firm will also actively manage tokens, from [[Proof-of-Stake (PoS)|staking]] them to providing [[liquidity]] to participating in [[governance]]."''
*[https://www.forbes.com/sites/alexkonrad/2020/10/18/these-young-investors-betting-big-on-crypto-are-taking-harvard-and-stanford-along-for-the-ride/?sh=197146934212 From] [[Forbes]] (18-10-2020):
''"Known for investing in companies from [[Apple]] and [[Google]] to WhatsApp and [[Stripe]]."''
''"Known for investing in companies from [[Apple]] and [[Google]] to WhatsApp and [[Stripe]]."''
*[[BitClout (BTCLT)|Bitclout]]; it's founder has [https://www.coindesk.com/what-is-bitclout-the-social-media-experiment-stoking-controversy-on-twitter mentioned] this fund as an investor (23-3-2021).
*[[BitClout (BTCLT)|Bitclout]]; it's founder has [https://www.coindesk.com/what-is-bitclout-the-social-media-experiment-stoking-controversy-on-twitter mentioned] this fund as an investor (23-3-2021).
*[[Espresso Systems]]; is [https://www.espressosys.com/about#s4 mentioned] on their website as an investor, while the project has no tokens out yet (25-10-2022).
*[[IOStoken (IOST)|IOStoken]].
*[[IOStoken (IOST)|IOStoken]].
*[[FTX (FTT)|FTX]]; [https://news.bitcoin.com/ftx-raises-420-million-in-series-b-1-crypto-exchange-commands-25-billion-valuation/ participated] as one of the 69 investors in the $420M round (22-10-2021).
*[[FTX (FTT)|FTX]]; [https://news.bitcoin.com/ftx-raises-420-million-in-series-b-1-crypto-exchange-commands-25-billion-valuation/ participated] as one of the 69 investors in the $420M round (22-10-2021). They [https://techcrunch.com/2022/11/09/sequoia-capital-marks-its-ftx-investment-down-to-zero-dollars/ marked down their investment to 0] after the FTX collapse (11-2022). The size turned out to be [https://www.theblock.co/post/189301/sequoia-capital-apologizes-to-investors-after-150-million-ftx-loss-wsj $150M]. Got updated to [https://www.mollywhite.net/etc/ftx-contagion $210M] (10-12-2022). They were also listed as one of the [https://decrypt.co/120029/ftx-creditors-apple-netflix-coinbase-court-documents-reveal creditors] of [[FTX (FTT)|FTX]] (26-1-2023).
*[[Huobi (HT)|Huobi]]; [https://en.wikipedia.org/wiki/Huobi invested] in their second funding round in 2014.
*[[Huobi (HT)|Huobi]]; [https://en.wikipedia.org/wiki/Huobi invested] in their second funding round in 2014.
*[[LayerZero (Project)|LayerZero]]; part of the Series A of  [https://www.coindesk.com/business/2022/03/30/a16z-ftx-and-sequoia-lead-155m-round-for-layerzero-at-1b-valuation/ $135 million] (31-3-2022). Also [https://techcrunch.com/2023/04/04/blockchain-messaging-protocol-layerzero-raises-120m-hitting-3b-valuation/ participated] in their Series B (4-4-2023).
*Nervos Network. [https://messari.io/asset/nervos-network/profile Invested] in [[Nervos Network (CKB)|Nervos Network]] (22-1-2020).
*Nervos Network. [https://messari.io/asset/nervos-network/profile Invested] in [[Nervos Network (CKB)|Nervos Network]] (22-1-2020).
* Neutral Dollar. [https://blog.neutralproject.com/posts/2019/05/14/what-is-neutral.html Supports] [[The Neutral Dollar]].
* [[Neutral]] Dollar. [https://blog.neutralproject.com/posts/2019/05/14/what-is-neutral.html Supports] [[The Neutral Dollar]].
* Paradigm. [https://www.forbes.com/sites/alexkonrad/2020/10/18/these-young-investors-betting-big-on-crypto-are-taking-harvard-and-stanford-along-for-the-ride/?sh=197146934212 Invested] in Matt Huang's [[Paradigm]] (18-10-2020).
* Paradigm. [https://www.forbes.com/sites/alexkonrad/2020/10/18/these-young-investors-betting-big-on-crypto-are-taking-harvard-and-stanford-along-for-the-ride/?sh=197146934212 Invested] in Matt Huang's [[Paradigm]] (18-10-2020).
*[[StarkWare]]; [https://defiweekly.substack.com/p/understanding-the-l2-race-563?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMzUzMzExOCwiXyI6Ino5dUthIiwiaWF0IjoxNjE1NzczODk3LCJleHAiOjE2MTU3Nzc0OTcsImlzcyI6InB1Yi01NDAyIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.w-0mF7z7mH-nouJ1H8Xq according] to [[DeFi Weekly]] (9-3-2021). Again part of a [https://www.theblockcrypto.com/post/99211/starkware-funding-round-ethereum-paradigm $75M] raise (24-3-2021). Took part in the [https://www.theblockcrypto.com/post/124479/ethereum-layer-2-developer-starkware-raises-50-million-now-valued-at-2-billion?utm_source=twitter&utm_medium=social Series C] raise of $50m (17-11-2021).
*[[StarkWare]]; [https://defiweekly.substack.com/p/understanding-the-l2-race-563?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMzUzMzExOCwiXyI6Ino5dUthIiwiaWF0IjoxNjE1NzczODk3LCJleHAiOjE2MTU3Nzc0OTcsImlzcyI6InB1Yi01NDAyIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.w-0mF7z7mH-nouJ1H8Xq according] to [[DeFi Weekly]] (9-3-2021). Again part of a [https://www.theblockcrypto.com/post/99211/starkware-funding-round-ethereum-paradigm $75M] raise (24-3-2021). Took part in the [https://www.theblockcrypto.com/post/124479/ethereum-layer-2-developer-starkware-raises-50-million-now-valued-at-2-billion?utm_source=twitter&utm_medium=social Series C] raise of $50m (17-11-2021).
*[[Twitter]]; [https://twitter.com/CoinDesk/status/1522178995319721985 committed] $800M to finance [[Elon Musk]]'s takeover (5-5-2022).


== Team ==
== Team ==
* [[Matt Huang]]; former Sequoia Capital partner  
* [[Matt Huang]]; former Sequoia Capital partner  
*[[Neil Shen]]; managing partner at Sequoia China
* [https://decrypt.co/40659/defi-alliance-bridge-western-asian-crypto-markets Member] of [[Open DeFi]] (2-9-2020).  
* [https://decrypt.co/40659/defi-alliance-bridge-western-asian-crypto-markets Member] of [[Open DeFi]] (2-9-2020).  
* Is [https://ont.io/partners mentioned] as a partner on [[Ontology]]'s website (2-11-2020).
* Is [https://ont.io/partners mentioned] as a partner on [[Ontology]]'s website (2-11-2020).

Latest revision as of 12:06, 7 June 2023

Basics

  • In a short thread about VCs and dumping, Sequoia India was one of the hodlers (4-6-2022):

"Another hardcore hodler's wallet, with no user-side movement since Oct. 2021 Diamond handed dudes!"

History

  • Sequoia split (6-6-2023) into three firms. Sequoia China is now HongShan. Sequoia India is now Peak XV Partners. And Sequoia’s U.S. and Europe business continues as Sequoia Capital. Sequoia went global in the mid-2000s with separate funds that shared back-office functions, some LP backers, and its well-known VC brand. Now, it’ll end any back-office and profit sharing by Dec 31, and be fully separated “not later than” March 31, 2024.

Investments

  • Diamond handed their two biggest bets, DoorDash and Unify (non crypto) in 2021 and lost out on ~18B in profit when the stock markets started to crash in 2022. Sequoia plans to hold (21-6-2022).
  • From The Block (17-2-2022):

"Sequoia Capital will bet on tokens through its new crypto fund worth $500-600 million. The VC firm will also actively manage tokens, from staking them to providing liquidity to participating in governance."

"Known for investing in companies from Apple and Google to WhatsApp and Stripe."

Team

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