venturecapital

Sequoia offering LPs to cash out ~14 year-old positions in Stripe at $70B valuation by directly purchasing their shares. Very few firms can do crossover investing successfully. Clever move that generates DPI for older vintages but risky for LPs in Sequoia Global Equities Fund if Stripe continues to delay IPO or if market turns.

Sequoia offering LPs to cash out ~14 year-old positions in Stripe at $70B valuation by directly purchasing their shares. Very few firms can do crossover investing successfully. Clever move that generates DPI for older vintages but risky for LPs in Sequoia Global Equities Fund if Stripe continues to delay IPO or if market turns. https://www.axios.com/2024/07/15/sequoia-capital-stripe