Exclusive: Sequoia’s 1999 and 2000 Funds Outperform Dot-Com Peers
Sequoia Capital generated positive investment returns for its 1999 and 2000 funds, defying a period of financial turmoil that doomed most dot-com era venture funds, peHUB has learned.The results — not publicly reported before — will likely cement Sequoia’s reputation for generating top-notch returns in good times and bad. PeHUB obtained the performance data from the University of California through a California Public Records Act request.
Sequoia raised three funds in 1999 and 2000. The best performer is the Sequoia Capital Franchise Fund, a $350 million late stage vehicle raised in 1999, which has generated an internal rate of return of 11%, as of December 2010, according to the University of California....MORE