Sequoia Capital highlighted an impressive 24.6% markup of its 2020 U.S. Venture fund despite lacking exits, suggesting confidence fueled by AI-driven valuations in the current market.
In a landscape where 2020 funds are generally struggling, Sequoia's valuation growth indicates a differing experience, largely driven by their significant investments in AI companies.
The valuation increase, assessed by PitchBook, is distinctive considering the broader venture capital market context, where lower performance is anticipated for recent fund vintages.
Sequoia's more than $800 million raised for its Fund XVII underscores their proactive investment strategy, with a focus on high-potential AI innovations despite market uncertainties.
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