3 ms·
In 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
by ignoramous 5y ago
In 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.