Sequoia’s transformation of its venture capital model is actually a shift from financial capital to productive capital
Sequoia Scouts, Fidelity Cuts Value of Unicorns
Sequoia has been funding pre-angel investors called Scouts: the point isn’t to make money, but to gather information and build relationships. Then, Fidelity is marking down startups: is the sky falling?
Venture Capital and the Internet’s Impact
Venture Capital has been transformed by a surprising source: Amazon. Ultimately, no industry is safe from the impact of the Internet.