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Sequoia Capital (Part 1)
Acquired
Don't Have the Capital to Build a Startup
In the 60s, a company called Fairchild was making silicon chips in Northern California. The CEO of national semiconductor decided to offshores chip production to Asia. National's first five investments were at two million and one of them was at two and a half million. That creates a huge price war in the industry and massively lowers the cost of silicon.
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