Sequoia’s vaunted strategy feels the pain of tech stock selloff

Sequoia’s portfolio companies that listed in the US last year have lost more than $7.7 billion of market value since their debuts, according to a Bloomberg analysis of public filings. The declines were led by a $4.2 billion drop in the value of the firm’s IPO stake in Brazilian digital bank NU Holdings Ltd.

from Tech-Economic Times https://ift.tt/HxTefnw