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