[orky56]

The traditional model of plant for 5 years and harvest for 5 years is dying/dead. Seed investments are getting larger and bleeding into Series A. Companies are staying private for longer. Liquidation events can be pushed further out without compromising growth. Sequoia Productive Capital makes the 10 year cycle less important. This allows Sequoia to focus on sourcing deals and reallocating capital accordingly to deliver results, which they have been consistent enough to keep acquiring capital from LPs. We are also seeing outsized returns on existing investments so sticking around for Series D/E/etc. and multiple years post-IPO might be key to get the 50-100+x returns.