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2024-04-17 04:51:35

Sequoia Capital

American venture capital firm in Menlo Park, California.
American venture capital firm in Menlo Park, California.

Sequoia Capital is a renowned venture capital firm with $85 billion in assets. It has separate entities for the US, Europe, India, Southeast Asia, and China. Notable investments include Apple, ByteDance, and Cisco.

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1970
Challenges in Raising First Independent Sequoia Fund

Don faced challenges and uncertainties in raising the first independent Sequoia fund, with conflicting sources estimating the fund size to be between three to five million in 1970.

1972
Sequoia Capital founded by Don Valentine

In 1972, Don Valentine established Sequoia Capital, a venture capital firm. He chose the name 'Sequoia' to symbolize longevity and commitment to empowering the next generation. The firm went on to become a major player in the tech industry, backing companies like Apple, Atari, Cisco, Google, Instagram, Airbnb, and Stripe.

1974
Sequoia forms its first venture capital fund

In 1974, Sequoia Capital established its first venture capital fund, further solidifying its presence in the investment industry.

1975
Sequoia becomes an early investor in Atari

The following year after forming its first venture capital fund, in 1975, Sequoia Capital became an early investor in Atari, a significant move in the gaming industry.

1978
Sequoia invests in Apple

In 1978, Sequoia Capital made a groundbreaking investment by becoming one of the first investors in Apple, a decision that would prove to be highly lucrative and influential.

1979
Sequoia sells its Apple stock

Sequoia Capital sold its Apple stock after holding it for just 18 months in 1979, making a significant investment move.

1980
Sequoia Capital participates in Apple's IPO

Sequoia Capital was involved in Apple's initial public offering in 1980, marking a significant milestone in the firm's investment history.

1996
Doug Leone and Michael Moritz assume leadership of Sequoia Capital

In 1996, Doug Leone and Michael Moritz took over the leadership of Sequoia Capital, leading the firm into a new era.

1999
Sequoia Capital Established Investment Fund for Israeli Startups

In 1999, Sequoia established a dedicated investment fund aimed at supporting Israeli startups, expanding its global reach.

2000
Dot-com bust

During the dot-com bust of 2000, Sequoia Capital suffered significant losses from investments in companies like eToys and Webvan.

2003
Sequoia Venture XI Fund raises $387 million

Sequoia Venture XI Fund raised $387 million in 2003 from limited partners, including universities and foundations. Over the years, the fund has generated significant gains, benefiting both Sequoia's partners and the limited partners.

2005
Sequoia Capital China and India Established

Sequoia Capital expanded its presence by establishing Sequoia Capital China in 2005, followed by Sequoia Capital India, tapping into emerging markets.

2006
Mark Zuckerberg's taunt

In 2006, Facebook founder Mark Zuckerberg taunted Sequoia Capital by showing up late to a meeting wearing pajama bottoms. This incident led to Zuckerberg seeking funding from Accel Partners instead of Sequoia.

2007
Missed opportunity with Twitter

In 2007, Sequoia Capital had the chance to take a 10% stake in Twitter when it was valued at $20 million, but ended up saying no. Twitter's market cap has since grown significantly.

2008-07-01
Centennial celebration of Sequoia National Forest

On July 1, 2008, the Sequoia National Forest commemorated its centennial.

2009
Adi Tatarko and Alon Cohen's Journey with Houzz

Adi Tatarko and Alon Cohen, founders of Houzz in 2009, valued Sequoia's direct and fast decision-making process when raising funds, highlighting the importance of efficiency in their partnership.

2010
Venture XIII shows significant returns

Venture XIII, established in 2010, has shown remarkable returns of 88% annually. This success is expected to contribute to Sequoia's overall profitability and reputation in the venture capital market.

2011-07
ServiceNow rejects a $2.5 billion buyout offer

ServiceNow, a software company providing help-desk services, rejected a $2.5 billion buyout offer in July 2011, with Sequoia Capital's investor Mike Leone playing a key role in the decision.

2012
Moritz sheds administrative duties at Sequoia

In 2012, Michael Moritz, a key figure at Sequoia Capital, stepped down from his administrative responsibilities due to health reasons. Despite this change, Moritz continues to be actively involved in investing activities at the firm.

2014
Nine Sequoia Capital partners listed on Forbes Midas List

In 2014, nine investment partners from Sequoia Capital were recognized on the Forbes Midas List, which highlights the top technology investors globally. This achievement showcased the firm's success in the venture capital industry.

2016
Jess Lee Becomes First Female Investing Partner at Sequoia Capital

In 2016, Sequoia Capital made history by hiring Jess Lee as the first female investing partner in the United States, promoting diversity in the firm.

2019-07
Sequoia Capital's global presence and investment strategy

As of July 2019, Sequoia Capital operates in multiple countries including the United States, Israel, China, and India. The firm focuses on early-stage investments in 'dentmaker' companies and provides support in various aspects of business growth.

2020
Crucible Moment for Sequoia

Described as a pivotal moment for Sequoia, where bold decisions are shaping the future of the company, enabling lasting value creation and deeper relationships with founders and their companies.

2021-10-26
Introduction of The Sequoia Capital Fund

Sequoia Capital introduced The Sequoia Capital Fund in October 26, 2021, breaking away from traditional fund cycles. The new structure aims to provide patient capital for building enduring companies.

2022
Sequoia Capital manages approximately US$85 billion in assets

As of 2022, Sequoia Capital had around US$85 billion in assets under management, solidifying its position as a major player in the venture capital industry.

2023-06
Sequoia announces plans to break up into three entities

In June 2023, Sequoia Capital revealed its intention to split into three separate entities due to challenges faced in running a global investment business amidst geopolitical tensions.

2024
Sequoia Capital Founded

Sequoia Capital was founded in 2024. The company primarily invests on behalf of nonprofits and schools, with organizations like the Ford Foundation and Boston Children’s Hospital being major limited partners.

End of the Timeline
Sequoia Capital

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Sequoia Capital

American venture capital firm in Menlo Park, California.
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