Sequoia told Yale it preferred investors that would give the Menlo Park, Calif., venture-capital firm a "blank check" to invest as it saw fit, according to the 39-page Yale memo, parts of which were reviewed by The Wall Street Journal. A Yale spokesman declined to comment.
Sequoia partner Doug Leone declined to comment on the Yale situation, citing privacy agreements with the firm's investors. He said Sequoia doesn't pressure its investors and has "multiple" investors who have declined to put money into the firm's many overseas funds "without repercussions of any kind.... We encourage our limited partners to invest only in the funds they believe in.""
1 comment:
Swensen, not Swenson. Swenson is the Yoga guy.
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