Almost a year ago to the day, the 50-year-old investing powerhouse Sequoia Capital announced that it had reorganized itself around a singular, permanent structure: The Sequoia Capital Fund.
Now, thanks to an SEC form filed on Friday, we know how much is sitting in the fund: $13.6 billion.
The number represents two things: the value of the stock that Sequoia has rolled into its permanent fund from its legacy funds — these are shares in now-public companies that Sequoia backed as startups, including Airbnb, DoorDash, Unity, and Snowflake. Some of those shares are owned by Sequoia; some of
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