Sequoia to hold public stocks longer

 

https://www.cnbc.com/2021/10/26/sequoia-changes-fund-structure-to-hold-public-companies-and-back-crypto.html

 

KEY POINTS

• Sequoia Capital is creating a new structure so that all its investments will roll up into a single fund called the Sequoia Fund.
• “For Sequoia, the 10-year fund cycle has become obsolete,” the Silicon Valley firm wrote in a blog post.
• By eliminating timelines for returning capital to outside investors, Sequoia says it can hold on to public companies longer.