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2min chapter
Sequoia Capital (Part 1)
Acquired
Capital Group - Sequoia Fund
David Frum: In 1972, Capital Group sets up a new $5 million fund for their clients who want to invest in this high risk, high return startup. He says when Don leaves the firm, he's not super interested in just working for Capital Group forever and really wants to do this himself. Frum: And you would think this would be easy, right? I mean, Don has this amazing track record. But even with all that, raising a first-time fund is really freaking hard, like really freaking hard.
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