Sequoia says no exit, no problem.
The Silicon Valley titan of venture marked the value of its 2020 Sequoia Capital US Venture XVII fund by 24.6% in June, at the end of the 12-month period, according to PitchBook, which analyzed data from the Regents of the University. of California currency.
Sequoia’s markings are notable because the bag must not have them out. This is also a positive change in favor of the 2020 fund, given the fact that funds from that year are not predicted to perform well for any VC after the frothy valuations of 2020 and 2021. The difference may be due to the high rating AI offers to the business. a sense of recovery that has not been achieved in other fields. Sequoia is an investor in active AI companies, including OpenAI, Glean, and Harvey, among others.
Sequoia has raised more than $800 million in Fund XVII, which closes in 2022.
