[HN Gopher] Sequoia Arc: Catalyst for Seed Companies
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       Sequoia Arc: Catalyst for Seed Companies
        
       Author : jbredeche
       Score  : 36 points
       Date   : 2022-07-02 00:27 UTC (1 days ago)
        
 (HTM) web link (arc.sequoiacap.com)
 (TXT) w3m dump (arc.sequoiacap.com)
        
       | ripvanwinkle wrote:
       | Sequoia's answer to YC! How long has this been around.
       | 
       | Now when I think about it, I wonder what's taken then the other
       | major VCs so long.
        
         | babyshake wrote:
         | So by "Sequoia will invest $1M in the form of equity to
         | participating companies at the start of the program." Does this
         | mean companies will receive an investment of $1M in cash? Not
         | sure why it would say "in the form of equity" for a standard
         | convertible note type investment.
        
         | ayewo wrote:
         | I believe Sequoia has been running this as a closed program in
         | some form [1], before finally deciding to make it open.
         | 
         | The other factor if I were to take a guess is tooling to keep
         | up with the needs peculiar to early stage companies.
         | 
         | Sequoia, like YC, is one of the few VC firms that makes its own
         | software tools for internal use.
         | 
         | 1: https://techcrunch.com/2019/06/07/a-peek-inside-sequoia-
         | capi...
        
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       (page generated 2022-07-03 23:01 UTC)