WhatsApp gets payback for risk capital star cypress
SAN FRANCISCO (Feb twenty four, 2014): grandad of geographic area investment Donald Valentine (pix) rang up a significant day whereas evening the score somewhat with relative new child on the block Mark Zuckerberg.
Valentine's cypress Capital is in line for a dizzying come from the acquisition of startup WhatsApp by Facebook, whose renowned founder snubbed his venture firm a decade past.
Sequoia's unprecedented string of money-making moves includes being Associate in Nursing early patron of Apple, Google, Yahoo, YouTube, Oracle, PayPal, Electronic Arts, Zappos, and Cisco Systems.
Facebook was one that got away.
That was, till on once the social network founder World Health Organization once created sport of cypress with a prank that became the things of net trade legend inked a deal valued at up to $19 billion to shop for Sequoia-backed WhatsApp.
Sequoia's come on its roughly $60 million investment in WhatsApp has been calculable to be anyplace from $3 billion to almost $7 billion looking on however massive a bit of the startup it owns.
The windfall conjointly created a idol of cypress partner Jim Goetz, World Health Organization musical group the back the startup bent succeed ancient smartphone text messages with a nearly free Internet-based different.
The nondepository financial institution, based mostly shortly from Facebook's headquarters within the American state town of Menlo Park, was conjointly a patron of smartphone picture sharing service Instagram.
Facebook founder Mark Zuckerberg snapped up Instagram in 2012 for a billion bucks.
The WhatsApp deal was seen by some as payback for a trick Zuckerberg vie on cypress shortly once coming back to American state in 2004 to infuse his Facebook vision with geographic area energy.
In a stunt created renowned during a book and a movie spun from the social network's creation story, Zuckerberg showed up late in his pajamas to a meeting at cypress and created a pitch that was additional taunting than tempting.
Zuckerberg had become Associate in Nursing ally of Napster co-founder Sean Parker, World Health Organization had a grudge against cypress and was out for somewhat of revenge.
Older, wiser and currently the boss of publically listed Facebook, Zuckerberg has gone on record spoken language he feels "really bad" regarding being rude to cypress.
Kicking a couple of billion bucks to cypress and bolstering its name as a powerhouse geographic area nondepository financial institution provides ample balm for soothing hurt feelings.
Don Valentine studied business administration in school and went on to figure at Fairchild Semiconductor and become a founding father of a founding father of National Semiconductor in geographic area in 1959.
Since Valentine established cypress in 1972 it's become a geographic area powerhouse with offices in China, India, Israel and therefore the US.
In a YouTube video of an interview given by Valentine at Stanford University college of business regarding four years past, he aforementioned cypress is additional targeted on the dimensions of the market a startup is assaultive than on whether or not it's the simplest and brightest minds.
Sequoia's goal is to create massive corporations, which is additional probably to happen if a startup being funded is taking aim at a large market, in keeping with Valentine.
"We do not pay lots of your time speculative regarding wherever folks visited college, however good they're and every one the remainder of that," Valentine aforementioned within the video.
"We're {interested in|curious regarding|inquisitive about|fascinated by} their plan about the market they are once, the magnitude of the matter they are determination, and what will happen if indeed the mixture of cypress and therefore the people square measure correct."
The maneuver paid off with WhatsApp. Zuckerberg even the gorgeous terms on the grounds that the service is blazing its thanks to a billion users and on the far side, and networks of that size square measure valuable.
In just 5 years, WhatsApp has attracted over 450 million monthly users round the world and 1,000,000 additional register daily, in keeping with the startup.
Valentine, a true world grandad, has been spoken because the grandad of risk capital in element
SAN FRANCISCO (Feb twenty four, 2014): grandad of geographic area investment Donald Valentine (pix) rang up a significant day whereas evening the score somewhat with relative new child on the block Mark Zuckerberg.Valentine's cypress Capital is in line for a dizzying come from the acquisition of startup WhatsApp by Facebook, whose renowned founder snubbed his venture firm a decade past.
Sequoia's unprecedented string of money-making moves includes being Associate in Nursing early patron of Apple, Google, Yahoo, YouTube, Oracle, PayPal, Electronic Arts, Zappos, and Cisco Systems.
Facebook was one that got away.
That was, till on once the social network founder World Health Organization once created sport of cypress with a prank that became the things of net trade legend inked a deal valued at up to $19 billion to shop for Sequoia-backed WhatsApp.
Sequoia's come on its roughly $60 million investment in WhatsApp has been calculable to be anyplace from $3 billion to almost $7 billion looking on however massive a bit of the startup it owns.
The windfall conjointly created a idol of cypress partner Jim Goetz, World Health Organization musical group the back the startup bent succeed ancient smartphone text messages with a nearly free Internet-based different.
The nondepository financial institution, based mostly shortly from Facebook's headquarters within the American state town of Menlo Park, was conjointly a patron of smartphone picture sharing service Instagram.
Facebook founder Mark Zuckerberg snapped up Instagram in 2012 for a billion bucks.
The WhatsApp deal was seen by some as payback for a trick Zuckerberg vie on cypress shortly once coming back to American state in 2004 to infuse his Facebook vision with geographic area energy.
In a stunt created renowned during a book and a movie spun from the social network's creation story, Zuckerberg showed up late in his pajamas to a meeting at cypress and created a pitch that was additional taunting than tempting.
Zuckerberg had become Associate in Nursing ally of Napster co-founder Sean Parker, World Health Organization had a grudge against cypress and was out for somewhat of revenge.
Older, wiser and currently the boss of publically listed Facebook, Zuckerberg has gone on record spoken language he feels "really bad" regarding being rude to cypress.
Kicking a couple of billion bucks to cypress and bolstering its name as a powerhouse geographic area nondepository financial institution provides ample balm for soothing hurt feelings.
Don Valentine studied business administration in school and went on to figure at Fairchild Semiconductor and become a founding father of a founding father of National Semiconductor in geographic area in 1959.
Since Valentine established cypress in 1972 it's become a geographic area powerhouse with offices in China, India, Israel and therefore the US.
In a YouTube video of an interview given by Valentine at Stanford University college of business regarding four years past, he aforementioned cypress is additional targeted on the dimensions of the market a startup is assaultive than on whether or not it's the simplest and brightest minds.
Sequoia's goal is to create massive corporations, which is additional probably to happen if a startup being funded is taking aim at a large market, in keeping with Valentine.
"We do not pay lots of your time speculative regarding wherever folks visited college, however good they're and every one the remainder of that," Valentine aforementioned within the video.
"We're {interested in|curious regarding|inquisitive about|fascinated by} their plan about the market they are once, the magnitude of the matter they are determination, and what will happen if indeed the mixture of cypress and therefore the people square measure correct."
The maneuver paid off with WhatsApp. Zuckerberg even the gorgeous terms on the grounds that the service is blazing its thanks to a billion users and on the far side, and networks of that size square measure valuable.
In just 5 years, WhatsApp has attracted over 450 million monthly users round the world and 1,000,000 additional register daily, in keeping with the startup.
Valentine, a true world grandad, has been spoken because the grandad of risk capital in element
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