SCOOP: Sequoia Capital is targeting $2.25 billion for two U.S. VC funds, defying the chill over private tech investing Read Now

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China’s Economy Grows at Slowest Pace in a Year

By Juro Osawa
· · Source: Reuters

China’s gross domestic product grew 4.9% in the quarter through September from a year earlier, falling short of economists’ expectations and marking the slowest pace of growth in a year, Reuters reported as China cracked down on the property and tech industries. In the previous quarter through June, China’s GDP had grown 7.9% year on year. The significant slowdown in the latest quarterly GDP,...

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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
By Kate Clark · June 29, 2022 5:57 PM PDT
Sequoia Capital global managing partner Doug Leone. Photo: Bloomberg
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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