3 ms·
Does this even mean anything in practice? When to distribute to LP's is a controversial question for VC's, Some do immediately after IPO & some continue to ho
by rkk3 5y ago
Does this even mean anything in practice?
When to distribute to LP's is a controversial question for VC's, Some do immediately after IPO & some continue to hold. Seems like Sequoia is just being explicit about potentially holding long term stakes in public companies (with VC Fees?).
- ignoramous 5y agoIn practice it does make a difference because the terms between LPs and Sequoia are now more in-line with the outlook Sequoia has towards the companies it funds; whereas previously, due to the rigid 10-year structure, it wasn't.