Shaun Maguire

“Sequoia partner Shaun Maguire responded that the firm splits its check only when rivals will pay more than it will for a hot deal.”

“What happens is other investors are willing to pay a high price for a hot company — usually AI — at multiples above what we're willing to pay. So we try to decouple the company-building relationship with our partner from the capital, and this leads to two tranches at different valuations in close succession.”

“Sequoia owns around 1.5%, which could generate around $20 billion in returns; the firm invested around $2 billion total across SpaceX, xAI, and X while they were separate companies.”