Essentials of Venture Capital by Haislip Alexander

Author:Haislip, Alexander
Language: eng
Format: epub
Publisher: Wiley
Published: 2010-09-28T16:00:00+00:00

IN THE REAL WORLD

Sequoia’s Sidecar

The participants in most sidecar funds are a well-kept secret. But Sequoia Capital found itself forced to disclose who had invested in one of its sidecar funds when it sold Internet video company YouTube to Google in 2006.u The start-up had raised $11.5 million from investors before selling to Google for stock worth $1.6 billion.

The list of who received stock payouts reads like a Who’s Who of Silicon Valley, with more than 70 names of high-profile entrepreneurs, executives, and even entertainers that had invested in Sequoia’s sidecar. See Exhibit 5.1 for a sample of the winners from the fund and an approximation of what they made just from the YouTube sale.

EXHIBIT 5.1

Gains from Sequoia’s Sidecar Fund

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