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Sequoia Capital (Part 1)
Acquired
Sequoia and Don's Company Building at Work and Management Team Recruiting
Apple raises their first venture capital round of just over half a million dollars. The lion's share of the capital comes from Venrock, which does a little over $250,000. Sequoia invested $150,000 for $6 million to make this tax distribution to LPs. And it's this lesson, you know, that drives Sequoia in subsequent funds to take their capital only from nonprofit tax exempt sources.
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