In April 1995, Sequoia Capital made a Series A investment of $1M in a small company named Yahoo. Soon after, November of 1995, OpenText, Sequoia Capital, SoftBank Group and Thomson Reutors invested a combined $4.8M in a company whose valuation had raised to $40M. With this fast growth, it was not hugely surprising when the company went public in April 01996. At this point, the company was valued at $848M with stock costing $13. By December 1999 Yahoo’s stock doubled, with a share costing $108. Their valuation at that time was $113bn. For all involved, things seemed to be going well.
And then there was Google. Read more