SiliconBeat: Sequoia to invest in China?
Matt Marshall writes in SiliconBeat:
Sequoia Capital, the well-known Silicon Valley venture capital that backed Cisco, Yahoo, Google and others, has reportedly raised a $200 million China fund -- a significant development for the firm that has long focused mainly on the U.S. and whose former leader has publicly dismissed China as being in the midst of a huge bubble.
We haven't confirmed it 100 percent yet, but we've got a source telling us this. Sequoia is famous for not responding to press inquiries, so we're unlikely to get any confirmation from them. But Sequoia's leader Mike Moritz was in Israel on Thursday, and an interview was published today in TheMarker.com, in which we're told he said Sequoia will soon announce the fund. Sorry, no English language translation as yet. Sequoia held a meeting with...
...its investors in NY on Tuesday.
posted by Fergie @ 9/18/2005 02:21:00 PM
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