Sequoia had a $9 billion week from three IPOs and helped on TikTok

Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California.

Steve Jennings | Getty Images

Even by Sequoia’s standards, this was a crazy week. 

The 48-year-old venture capital firm, long the envy of its Silicon Valley peers because of early bets on Apple, Cisco, Google, LinkedIn, WhatsApp and Zoom, just wrapped up a five-day stretch that, for many rivals, would mark a strong five-year run.

Sequoia has an 8.4% stake in Snowflake, which had the biggest software IPO ever, and is the largest owner of gaming company Unity. It also owns shares in Sumo Logic, which debuted on Thursday.

Sequoia’s holdings in those three companies are worth about $9 billion as of Friday’s close.

And then there’s TikTok. The social media app owned by China’s ByteDance is under pressure by the Trump

Read More