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Sequoia Capital

All articles tagged with #sequoia capital

business4 months ago

Klarna's IPO Surges, Valuing the Company at $18 Billion and Boosting Sequoia's Gains

Klarna successfully went public on the NYSE, raising $1.4 billion with a $15 billion valuation, largely selling shares by existing investors like Sequoia Capital, which remains the largest shareholder. The IPO marks a significant milestone for the 20-year-old fintech, with shares initially opening higher than the offering price. Co-founders retained substantial stakes, and the event underscores the company's growth and global ambitions.

via TechCrunch|
#business#fintech#klarna-ipo
entertainment4 months ago

Jim Jarmusch Criticizes Mubi's Israeli Military Ties Amid Investor Concerns

Jim Jarmusch expressed disappointment over Mubi's relationship with Sequoia Capital, criticizing the involvement of corporate money in filmmaking and highlighting the ethical concerns surrounding Sequoia's investments in Israeli military tech. Despite his concerns, Jarmusch emphasized the complex nature of film financing and called for broader accountability beyond individual filmmakers.

via Deadline|
#entertainment#film-financing#jim-jarmusch
film4 months ago

Jim Jarmusch Criticizes Mubi's Israeli Military Ties and Corporate Funding

Jim Jarmusch expressed disappointment over Mubi's investment from Sequoia Capital, which has ties to the Israeli military, highlighting concerns about corporate funding in art. Despite the controversy, Jarmusch emphasized the pervasive nature of 'dirty' corporate money in filmmaking and defended artistic independence. The film 'Father Mother Sister Brother' premiered at Venice, featuring notable actors and exploring family relationships, amid ongoing debates about ethics in Hollywood and the impact of geopolitical conflicts.

via Variety|
#film#israeli-military-ties#jim-jarmusch
world5 months ago

Mubi Clarifies Investor Ties Amid Backlash Over Israeli Military Connections

Mubi CEO Efe Cakarel responded to over 35 filmmakers criticizing the company's investment ties to Sequoia Capital, which has connections to the Israeli military. Cakarel clarified that Mubi's profits do not fund Sequoia's portfolio companies involved in defense or military activities, and emphasized the company's commitment to ethical funding policies and support for artists at risk. The controversy arose amid broader concerns about Sequoia's investments and associations related to the Israeli military and defense tech.

via The Hollywood Reporter|
#ethical-funding#filmmaker-backlash#israeli-military-ties
world5 months ago

Mubi CEO Addresses Israeli Military Ties and Investor Backlash

Mubi CEO Efe Cakarel addressed backlash over the company's investment from Sequoia Capital, clarifying that Mubi's profits do not fund the Israeli military or Sequoia's defense tech investments, and announcing measures like an Ethical Funding Policy and Artists at Risk Fund to uphold transparency and support filmmakers affected by conflict.

via variety.com|
#artistic-independence#artists-at-risk#israeli-military-ties
business6 months ago

Investors and Entrepreneurs Criticize Sequoia Partner Over Mamdani Comments

Shaun Maguire of Sequoia Capital faced criticism after calling political candidate Zohran Mamdani an 'Islamist' on social media, prompting a petition condemning his remarks as Islamophobic and calling for Sequoia to investigate and address discrimination within its ranks. The controversy highlights tensions over diversity and bias in the venture capital industry.

via The New York Times|
#business#investor-backlash#islamophobia
technology1 year ago

Elon Musk's xAI Secures $6 Billion, Valued at $24 Billion

Elon Musk's AI startup xAI announced it has raised $6 billion in Series B funding, with contributions from Sequoia Capital and Saudi Arabia, bringing its pre-money valuation to $18 billion. This marks the first public acknowledgment of xAI's fundraising efforts, which Musk envisions as a competitor to OpenAI. Musk has criticized OpenAI for deviating from its original nonprofit mission and partnering with Microsoft.

via Business Insider|
#elon-musk#funding#saudi-arabia
businessfinance1 year ago

"Sequoia Capital's Turmoil: The Klarna Boardroom Saga"

A boardroom dispute at Klarna, a Swedish fintech company, has brought to light a division within Sequoia Capital, one of its major investors. The disagreement revolves around corporate governance and the influence of venture capitalists on the companies they invest in. Klarna's CEO has accused Sequoia of trying to meddle in the company's operations, highlighting the tensions between founders and their investors in the fast-growing fintech sector.

via Financial Times|
#boardroom-spat#businessfinance#corporate-governance
finance2 years ago

"Leaked Document Exposes Top Tech Giants as Beneficiaries of SVB Deposit Insurance"

The FDIC accidentally revealed details on Silicon Valley Bank's biggest customers, including Sequoia Capital and Kanzhun, a Beijing tech firm. After the bank's collapse, the FDIC and other regulators decided to make all of the bank's customers whole, including those with more funds than the $250,000 insurance limit. Critics argue that the rescue amounted to a bailout, one that would help foreign companies. The FDIC estimates the SVB failure will cost its deposit insurance fund $16.1 billion.

via Yahoo Finance|
#bailout#fdic#finance
finance2 years ago

FDIC Reveals Top Depositors at Silicon Valley Bank, Including Circle and Sequoia

Stablecoin issuer Circle and venture capital firm Sequoia Capital were among the top 10 depositors at the collapsed Silicon Valley Bank (SVB) in March, according to documents from the Federal Deposit Insurance Corporation (FDIC). Circle reportedly held roughly $3.3 billion in deposits, while Sequoia had roughly $1 billion. The FDIC and Federal Reserve have worked to make both insured and uninsured depositors whole following the SVB collapse, which has put a spotlight on how regulators in the United States handle deposit insurance.

via Cointelegraph|
#circle#deposit-insurance#fdic
business2 years ago

Sequoia Capital's Split: Navigating US-China Tensions and Private Equity Challenges.

Sequoia Capital, one of the world's most successful venture capital firms, has seen its cross-border investment strategy disrupted by US-China tensions. The firm, which has backed tech startups such as Airbnb and Zoom, has been forced to restructure its China operations and shift its focus to other regions. The tensions have also led to increased scrutiny of Chinese investments in the US, making it harder for Sequoia to invest in American startups.

via Financial Times|
#business#cross-border-investments#sequoia-capital
finance2 years ago

Crypto Rallies Despite Coinbase Crash and SEC Lawsuit

US stocks closed slightly higher as investors held back on big moves before next week's Federal Reserve policy meeting. The Securities and Exchange Commission sued crypto exchange Coinbase for operating as an unregistered securities exchange and broker, causing shares to plummet 12.1%. The World Bank estimated that advanced economies will grow by a mere 0.7% in 2023, while emerging and developing economies are expected to expand 4%. Sequoia Capital announced it would split into three separate units, and DoubleLine Capital CEO Jeffrey Gundlach said the US looks like it's bound for a recession. Apple shares dipped 0.2% after the company's Worldwide Developers Conference, but analysts remain optimistic about the company's future.

via CNBC|
#apple#coinbase#finance
business2 years ago

Sequoia Capital divides into three independent venture capital firms.

Sequoia Capital, one of Silicon Valley's most prominent venture capital firms, is splitting into three independent partnerships, with its businesses in China and India adopting new brands and the firm in the United States and Europe retaining the Sequoia name. The move comes amid rising tensions between China and the United States over investment and access to advanced technologies. Sequoia's China business will be called HongShan, and its business in India and Southeast Asia will be called Peak XV Partners.

via The New York Times|
#business#china#india
business2 years ago

Sequoia Capital to Divide Amid China-US Tensions.

Sequoia Capital, a US-based venture capital firm, is splitting its business into three independent partnerships, with its Chinese investments becoming their own unit amid growing geopolitical tensions with Beijing. The firm's operations in Europe and the United States will retain the current name, Sequoia Capital. Its Chinese unit, Sequoia China, will use its current Chinese name, HongShan. The company's business operations in India and Southeast Asia will be spun off into a partnership named Peak XV Partners. The move is expected to be completed by March 2024 and will allow each entity to handle its own administrative operations.

via CNN|
#business#china#geopolitics