U.S.-based Sequoia Capital to split its primary investment group three ways in order to serve the U.S./European, India/SEA, and Chinese markets separately.
The change will see the U.S. branch remain focused on North America-based endeavors, while a second branch will serve China and the third will handle India and other Asian markets.venture capital firms by assets under management and total capitalization, came to prominence in the 1970s. Its first major investment after formation was given to Atari in 1975, just a few years before it became one of Apple’s initial investors in 1978.
Over the years, Sequoia’s had an apparent neck for finding tech darlings to invest in. Its portfolio includes early investments in Google, Cisco, Nvidia, YouTube, AirBnB, WhatsApp, Stripe, and BitClout.$213.5 million in FTX 2021, a year in which FTX posted $1 billion in revenue. FTX would go on to collapse in November 2022, causing a peak weekly realized-loss total of $9 billion for the week starting November 7.
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