Sequoia Capital Is Said to Explore $5 Billion Mega-Venture Fund
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Sequoia Capital is in early discussions to raise a $5 billion venture fund, people familiar with the plans said. The financial vehicle, more than twice the size of the last fund, is designed to help the venerable Silicon Valley firm defend against wealthy foreign investors while ensuring their own startups are able to stay private as long as they’d like.
The fund would invest almost exclusively in technology startups already in Sequoia Capital’s portfolio, said the people, who asked not to be identified discussing preliminary plans. If Sequoia Capital can attract enough interest, it will begin investing from the fund in the second quarter of 2018, the people said.