Sequoia unveils $950M in new early-stage funds as it strives to be ‘only as good as our next investment’
Despite the growing chatter of an AI bubble, Sequoia Capital insists its investment approach is unswayed by the market frenzy. “Markets go up and down, but our strategy remains consistent. We’re always looking for outlier founders with ideas to build generational businesses,” said Bogomil Balkansky, a partner on Sequoia’s early-stage investment team. To prove this consistency, Sequoia announced two new funds on Monday that nearly match the sizes launched about three years ago: a $750 million early-stage fund targeting Series A startups and a $200 million seed fund. These funds are introduced after what has been a tumultuous period for the legendary firm. In 2021, Sequoia overhauled its structure into an evergreen main fund supported by strategy-specific…
