Edgelings

Sequoia Capital Raises $925 Million for New Fund

They may be advising their funded companies to prepare for hard times ahead but the VC’s at Sequoia were the top rain makers in Q3, raising nearly a billion dollars for its US Growth Fund IV.  The fund will invest in mature companies that they presently have no stake in. In a retracting economy, Sequoia shouldn’t get nicked they way they did when they funded at the top of the bubble, but falling valuations mean a lower cash outlay and possible excess cash on hand.  The company will have to search a bit harder for investments but rest assured they’ll find a few.