In 1996, Don Valentine decided to retire and handed over the management of the company to his colleagues, Douglas Leone and Michael Moritz. Under their leadership, Sequoia Capital launched an investment fund in Israel in 1999 to support local startups.
In 2005, Sequoia Capital expanded its global presence into China, with a subsidiary focusing on investing in local high-tech startups.
The growing market for Indian technology companies industry email list also attracted investors. The following year, Sequoia Capital India was launched. To do this, the fund bought a local firm, Westbridge Capital Partners.
In 2019, the fund consolidated its position in India, becoming the most active venture fund in the country.
In 2020, the fund created its first partner company in Europe
In March 2022, Sequoia Capital China strengthened its presence in China by launching an $8 billion fund to invest in local tech companies.
These moves allowed Sequoia Capital to become a truly global player in affiliate marketing strategy venture capital, with a presence in key and emerging technology markets around the world. The company’s Israel branch eventually ceased operations, but its China and India branches continued to grow and became independent companies.
Giants and Unicorns in Sequoia Capital’s Portfolio
Over the years, the fund has invested in many startups, many of trust review which have become well-known tech giants and unicorns. Unicorns are companies valued at over $1 billion. Sequoia Capital’s significant investments have included Google, Yahoo, PayPal, YouTube, LinkedIn, Square, Airbnb, Stripe, Instagram*, and others.
Sequoia Capital’s success with its investment in Apple put the firm at the forefront of the venture capital industry. However, its true leadership in the venture capital market came later, with its investment in Google in 1999.
At that time, Google was a young project that was just exploring ways to monetize a search engine. When the company received $25 million in investment from Sequoia Capital, it was able to continue its development and grow significantly. It was Sequoia Capital’s participation that played a key role in expanding Google’s global presence.
In 2011, Sequoia Capital funded WhatsApp* for $60 million when almost no one knew about it. In 2014, Facebook* acquired the business for $19 billion.
Sequoia also saw potential in Airbnb and invested $600,000 in the project in 2009. By 2020, Airbnb’s market capitalization exceeded $100 billion.
In 2007, the fund invested $1.2 million in Dropbox
Which subsequently generated huge profits and turned into $2 billion after its IPO in 2018.
Sequoia Capital is currently actively investing in artificial intelligence. By 2022, about 16% of the fund’s new investments were directed to AI startups, and by 2023, this figure increased to almost 60%. The company’s investment portfolio currently includes more than 70 AI-related startups, including OpenAI. OpenAI’s initial funding in 2021 exceeded $11 million.
