Sequoia is introducing a new fund structure for its U.S. and European business that would allow the Menlo Park-based VC firm to hold public equities for longer. In a note posted onto the Sequoia website, partner Roelof Botha said the change was designed to give limited partners more exposure to top-performing public companies. Under the arrangement, a new vehicle called the Sequoia Fund will...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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