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No idea about Sequoia but they tend towards conservative on the legal side of things. Some VC firms license the name so there's a franchise fee which often incl
by mtillman 3y ago
No idea about Sequoia but they tend towards conservative on the legal side of things. Some VC firms license the name so there's a franchise fee which often includes carry and/or fee percentage participation even though there isn't direct ownership.
- alephnerd 3y ago> license the name Accel and Sequoia did/do this. Seqouia's got tricky because their US fund is heavily invested in US Sustainability tech, and they were overinvested in China leading to reputational issues for their US fund