Recently, the 52-page PPT report shared by Sequoia Capital became popular, warning that the severe moment has arrived, and learning to pause and think is the most important thing, and only those who are best at responding to changes will survive.
This article is reproduced from the public account: navigator kol
Although Sequoia warned the market to prepare for the worst and be prepared to deal with the risks of change, Sequoia still keeps making moves in the investment market, and its funds have made many moves in financial Web 3 and other fields.
On June 14, Sequoia India and Southeast Asia, a subsidiary of Sequoia Capital, announced the launch of two new funds. about $850 million). It is reported that in addition to continuing to focus on SaaS and financial technology and other fields, the two funds of Sequoia India and Southeast Asia will further expand their investment scope, including Web3 and other fields. They have previously invested in Web3 startups such as Coin Switch Kuber and Polygon.
Sequoia Capital, as a long-established venture capital company in the United States, has a wealth of experience. It used to have investment experience in a large number of top companies in the Internet and financial technology fields such as Yahoo, Google, Nvidia, YouTube, and Paypal. Now it has been ranked among the top 10 American venture capital companies for a long time.
Driven by blockchain technology, the Internet is beginning to transform into a more free and open Web3 decentralized era. Under this wave, Sequoia Capital, as the top representative of venture capital companies, naturally did not let go of this emerging field, and began to increase the size of this track, from "early water testing" to "full embrace".
However, Sequoia Capital's venture capital investment in the Web 3 field is half a beat behind a16z:
Earlier, Sequoia Capital remained relatively silent on its interest in cryptocurrency/Web3, perhaps because it had a relatively adequate layout in the Internet field in the past few years. However, the acceleration of innovation in the traditional Internet field is gradually decreasing. Therefore, as seen by the outside world, Sequoia has recently launched a large wave of intensive investment in the Web3 field.
Although not as good as a16z, from January to April 2022 alone, Sequoia Capital invested in 17 Web3 companies at a rate of one every week.
One of the notable cases is that when investing in the Web3 infrastructure company and the electronic agreement signing platform EthSign, the three departments of Sequoia VC - Sequoia Capital, Sequoia Capital India and Sequoia Capital China all supported this round of financing . This is the first time all three divisions of Sequoia have participated in a financing at the same time.
As a result, Sequoia Capital launched an encryption-specific fund, its first industry-specific fund since its founding in 1972. According to statistics, Sequoia Capital raised $19.8 billion through 31 funds.
In the investment classification of Sequoia Capital's European and American official website, a special "encryption" category has been set up. Under this category, 12 selected crypto portfolios were announced, namely: DESO, the underlying Layer1 blockchain where BitClout is located, Faraway Games, a Solana-based multiplayer game project, Filecoin, Fireblocks, FTX, Domain Name System Handshake, Privacy public chain Iron Fish, LayerZero, Parallel Finance, privacy collaboration platform Skiff, StarkWare, Strip Finance, etc.
Sequoia Capital has a total of 21 investments in the encryption field in India. Among the 11 investments disclosed in March 2022, 5 are related to the encryption field, which fully demonstrates its strategic route to accelerate its deployment in India.
Due to the laissez-faire policy on the encryption market, this has also caused venture capital companies such as Sequoia Capital to also focus heavily on the encryption market. However, the Web3 wave triggered by the blockchain is not just an encrypted market with high risks and hidden dangers. Sequoia Capital also supports games, metaverses, cross-chains, trading platforms, NFTs, DeFi, public chains, security, domain names, and expansion A large number of digital ecology based on the blockchain, such as wallets, storage, and underlying foundations, have begun to invest heavily.