Venture capital is not an asset class, says Sequoia’s Roelof Botha
Sequoia's managing partner Roelof Botha highlighted the growth of venture firms in the U.S., increasing from 1,000 to 3,000 over 20 years.
MAIN POINTS
- Roelof Botha is the managing partner at Sequoia.
- There are currently 3,000 venture firms in the United States.
- The number of venture firms has tripled over the past 20 years.
- When Botha joined Sequoia, there were only 1,000 venture firms.
TAKEAWAYS
- The venture capital industry in the U.S. has seen significant growth.
- Roelof Botha has been with Sequoia for two decades.
- Increased competition among venture firms is implied by the growth.
- Sequoia has witnessed and adapted to industry changes over 20 years.