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Sequoia just landed a 5x return on their fund with this one deal. At a rough guess, they put in $8m for 15% of the company in 2011, valuing it at around $53m.
by tomblomfield 13y ago
Sequoia just landed a 5x return on their fund with this one deal.
At a rough guess, they put in $8m for 15% of the company in 2011, valuing it at around $53m.
A $16B sale is a 300x increase in value, so Sequoia's stake is worth $2.4bn. Their standard fund size is around $500m.
http://www.reuters.com/article/2013/08/16/us-sequoia-funds-idUSBRE97F0WW20130816 http://www.reuters.com/article/2013/08/16/us-sequoia-funds-i...
- selectodude 13y agoNot too bad for the two founders then. 6.8 billion dollars each.
- cortesoft 13y agoThere are surely a lot of other shareholders besides the founders and sequoia.
- selectodude 13y agoThey only received 8 million in funding though.
- 650REDHAIR 13y ago"They decided to hold a second funding round, in secret. Sequoia would invest another $50 million, valuing WhatsApp at $1.5 billion." [0] http://www.forbes.com/sites/parmyolson/2014/02/19/exclusive-inside-story-how-jan-koum-built-whatsapp-into-facebooks-new-19-billion-baby/2/ http://www.forbes.com/sites/parmyolson/2014/02/19/exclusive-...
- foobarqux 13y agoWould investment necessarily be limited to one fund?
- the_economist 13y agoA single 8mm investment almost definitely would be.
- deleted 13y ago[deleted]
- jacoblyles 13y agoI hope those guys do something interesting with their billions. But so far the only billionaires that realize the power of a billion dollars in personal capital seem to be Elon Musk and Peter Thiel.
- munificent 13y agoDon't forget Bill Gates.
- rodgerd 13y agoSoros, Buffet. But overall, yes, the improverished imagination of billionaires never ceases to amaze me.
- lifeformed 13y agoWayne.
- anExcitedBeast 13y agoStark.
- deleted 13y ago[deleted]
- njohnw 13y agoThey also invested ~$50m last year at a ~$1B valuation, so their stake is worth even more. Probably closer to $3B.