When Airbnb and DoorDash go public later this week, it will be a home run for a number of VC firms but particularly for Sequoia Capital, which has been an investor in both companies since their early days. The exits cap a remarkable year for the venerable VC firm, which had a stake in nearly every major public debut of a tech company, including enterprise software firm Snowflake and insurance tech startup Lemonade.
Sequoia is one of several firms—including most notably Founders Fund—to have stakes in numerous high-profile public debuts this year. Founders Fund is a large shareholder not only in Palantir and Asana, but Airbnb—as well as Wish and Affirm, which are expected to go public in the next few weeks.
