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StealthĀ ā¢Ā 10m
Today I Learned #4 Sequoia Capital Past, Present and Future In the early 1970s, Don Valentine left his job at a semiconductor company to start his own venture capital firm. With just $3.5 million raised from friends and family, he founded Sequoia Capital in 1972 in a small office in Menlo Park, California. At a time when few believed in the potential of silicon chips and startups, Valentine had the vision to back young entrepreneurs like Steve Jobs and Steve Wozniak. Despite initial skepticism, Sequoia's $60,000 investment in Apple Computer in 1978 turned into over $1 billion when the company went public. This set the firm on a path of making contrarian bets that paid off massively. Valentine's ability to identify and nurture disruptive ideas coupled with his trust in founders laid the foundations for Sequoia's legendary status in Silicon Valley and the venture capital world.
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