Reported about 18 hours ago
Sequoia Capital has announced two new early-stage funds totaling $950 million, including a $750 million Series A fund and a $200 million seed fund, despite market uncertainties surrounding the AI sector. The firm, known for investing in companies like Airbnb and Google, aims to maintain its focus on identifying outlier founders and building substantial stakes early in their journeys. This strategic move comes after recent financial setbacks, and the firm is eager to reinforce its legacy as a top investor in Silicon Valley.
Source: YAHOO