Venture Capital Firms

This bear market (since Feb 2021 for growth, since Nov 2021 for the rest) is so treacherous that even well known VC firms might be in trouble.

Sequoia infamously flipped its investment in Apple instead of holding on to one of the best companies in history.

What can I say. Best strategy has always been 以不变应万变 :+1:

Sequoia owns large quantities of U, DoorDash, SNOW, ABNB, Klarna, Bird, ZM…

Is there data on the performance of various VC firms over many years? I’d like to know who has a better than market rate ROI.

Network effect is hard to beat.

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