"Markets go up and down, but our strategy remains consistent. We're always looking for outlier founders with ideas to build generational businesses,"
"Our ambition has always been and continues to be to identify these founders as early as possible; to roll up our sleeves and be a very active participant in their company-building journey."
Sequoia Capital announced a $750 million Series A fund and a $200 million seed fund to maintain its early-stage investing focus amid heated AI startup valuations. The firm emphasizes finding outlier founders and actively participating in company building from the earliest stages. Sequoia restructured in 2021 into an evergreen main fund with strategy-specific sub-funds to retain stock long after IPOs. The firm suffered a loss exceeding $200 million from the FTX collapse and separated from its India and China divisions in 2023. Rising AI valuations make early investments critical to securing lower prices and meaningful ownership stakes.
Read at TechCrunch
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