As the shadow of SoftBank (and its $100 billion fund) looms large over the investment landscape, Sequoia Capital is pushing the upper limits of the checks it’s willing to write to global growth-stage companies up to $1 billion. With a B.
That’s the word from Sequoia’s global managing partner Doug Leone speaking onstage at Disrupt San Francisco.
Thankfully for Leone, the firm has closed all of its U.S. and global funds, to support those unprecedently massive checks.
While the firm hasn’t yet cut a check for a cool billion (Leone joked that he “doesn’t have a pacemaker yet”), the head of one of Silicon Valley’s preeminent investment funds did say that Sequoia has written $400 million checks twice already. Alas, Leone wouldn’t say whether those commitments were made to companies in the U.S. or in what is increasingly becoming Sequoia Capital’s new largest market — China.
Half the firm’s investments are now made in China, which is attracting more and more attention as not only a competitor to Silicon Valley, but a leader in its own right when it comes to global growth and innovation.
Sequoia was one of the early firms that ventured out from Silicon Valley to explore the market in China in the early part of the new millennium.