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...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...Peak XV is nonetheless striking out on its own as the lesser-known unit of Sequoia, the storied Silicon Valley VC firm that invested in some of the biggest global technology names, including Apple, ByteDance...
...The raise also signals that LPs are willing to back General Catalyst’s unorthodox approach....
...Sequoia has rewarded LPs for their faith....
...It also asked Sequoia to confirm that roughly 50 per cent of HongShan’s limited partners are US investors. Additional reporting by Kaye Wiggins in Hong Kong...
...Neil Shen, the group’s founding partner, who led Sequoia’s China business for 18 years until it was forced to separate under political pressure in June, is seeking business opportunities and investments...
...it recently invested $250mn alongside Sequoia Heritage....
...Venture capitalists are under increasing pressure to return capital to their own backers — institutional investors, foundations and pension funds, known as limited partners [LPs] — as it has become more...
...“Companies that use our technology, who depend on our technology, who build their businesses on our technology . . ....
...But Moritz retained an independent role on Klarna’s board even as a new Sequoia partner, Matthew Miller, was appointed....
...The clash, which centred on a change in Klarna’s corporate structure ahead of a possible IPO, culminated in the departure of Sequoia partner Matthew Miller from Klarna’s board after a failed attempt to oust...
...help lead the company toward an eventual initial public offering.Headquartered in New York and led by Israeli founders, Wiz’s fundraising, would if completed also signal the continued strength of Israel’s technology...
...Most VCs continue to charge LPs a management fee regardless of whether they had made investments, but Sequoia Capital, one the premier tech VC groups, started waiving fees on capital it had not yet committed...
...Under such an arrangement, the investors could also add a US technology partner to secure the data of US citizens and guarantee that no information is handled or monitored by Chinese-related entities....
...But Sequoia has yet to get all of its investors on board. “These are radical changes,” said one of Sequoia’s longest-standing LPs....
...Somebody is buying RuneScape again: Private equity group Carlyle is to sell UK video games maker Jagex to Europe’s CVC Capital Partners in a deal estimated at just below £1bn as interest in the industry...
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...Down round IPOs “are not only going to become common, they will become the standard for the class of 2021”, says Venky Ganesan, a partner at Menlo Ventures....
...Artificial intelligence is the main driver for investor interest now, says Luciana Lixandru, a partner at US venture capital giant Sequoia Capital....
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...Other specialist firms such as Pinegrove Capital Partners, a joint vehicle created by Brookfield Asset Management and Sequoia Heritage, and StepStone have also been raising multibillion-dollar funds to target...
...SIG’s structure also means that the ByteDance gains accrue directly to Yass and his co-founders instead of outside limited partners....
...A new generation of venture capital groups, such as Ara Partners and Energy Impact Partners, has also emerged, placing sustainable investment goals and decarbonisation at the centre of their strategy....
...Macarthur paid $530mn to buy Jagex in 2020 from Shanghai Hongtou Network Technology....
...In September last year, Roelof Botha, the managing partner of Sequoia, who is Meeno’s lead investor, tweeted an announcement of his investment, describing the chatbot as a “non-judgmental AI mentor that...
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