Total invested: $11.5m (over two rounds: 11/2005, and 4/2006)
Percentage ownership: 30%
Value of Google shares, post-acquisition: $495m
No wonder, Venture Capital is so sexy…and this is why the rest of us (minus Sevin Rosen) get a bad name (in other words, “What? you didnt deliver a 100% IRR? Why are you still in business?”).
Cheers to all the bright sparks at Sequoia…as for the rest of us, time for introspection…and just in case you thought this is easy, read this