Sequoia says there is no problem even if there is no exit.
The Silicon Valley venture giant increased the value of its 2020 Sequoia Capital US Venture That's what it means. California donations.
Sequoia's rise is notable because the fund has yet to make an exit. This is also a positive change for the 2020 fund vintage, given the fact that after the frothy valuations of 2020 and 2021, funds are not expected to perform well for any VC that year. This discrepancy is probably due to the impact that high valuations due to AI have on ventures. The sense of recovery has not yet been felt in other sectors. Sequoia has invested in hot AI companies such as OpenAI, Glean, and Harvey.
Sequoia raised more than $800 million for Fund XVII, which closed in 2022.