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Sequoia say no exits , no problem .
The Silicon Valley titan of venture notice up the value of its 2020 Sequoia Capital U.S. Venture XVII investment company by 24.6 % in June , at the goal of a 12 - month period , according toPitchBook , which ran depth psychology on data from the Regents of the University of California ’s natural endowment .
Sequoia ’s markup is notable because the fund has yet to have any passing . This is also a favourable change for a 2020 monetary fund time of origin , yield the fact that store from that year are n’t foreshadow to perform well for any VC after the frothy rating of 2020 and 2021 . The mismatch is likely due to rarefied AI evaluation giving venture a sense of recovery that has n’t come to fruition quite yet for other sphere . Sequoia is an investor in buzzy AI companies , let in OpenAI , Glean , and Harvey , among others .
Sequoia raised more than $ 800 million for Fund XVII , which closed in 2022 .
