PortalsOS

In 2022, we launched the Sequoia Capital Fund to keep shares of companies that have the ability to compound longer term. This decision led to $6.7 billion in gains that our LPs would not have seen otherwise.

Sequoia has chosen not to build a large organization but to focus on being more effective and productive with technology.

At Sequoia, investment decisions are made by consensus. If one person says no, it doesn't happen. This blew my mind when I first got there.

The Sequoia Scouts program was conceived in 2010 to provide capital for contemporary founders who didn't yet have the money to invest in companies. It led to investments in Uber and Stripe, with the fund now at 26X.

Sequoia's funds today are no bigger than they were five to seven years ago. They focus on being the best net IR and net multiple for LPs, not maximizing fees.

Sequoia-backed companies account for over 30% of the total value of the NASDAQ. Companies like Apple, NVIDIA, and Cisco were private investments when they were little.