Venture capital firm Sequoia Capital stands to make approximately $100 million following Stripe’s $1.1 billion purchase of Bridge.
Other firms that invested in Bridge also stand to make significant returns. Ribbit Capital, which holds close to 10% of Bridge, expects a return similar to Sequoia’s. Bedrock Fund Management and Index Ventures hold about 6% each, and Haun Ventures maintains a 4% stake in the company.its finalized $1.1 billion bid for Bridge on October 20. The platform, co-founded by Sean Yu and Zach Abrams, offers software tools for businesses to process payments in stablecoins.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Will External Market Changes and Internal Restructuring Affect Sequoia Capital?Sequoia Capital, a renowned venture capital firm with a history of investing in successful companies, is facing new challenges. The article explores how external market changes and internal restructuring might impact the firm's future dominance.
Source: HarvardBiz - 🏆 310. / 63 Read more »
How Will Market Shifts and Restructuring Affect Sequoia Capital?Sequoia Capital, a legendary venture capital firm with a stellar investment track record, faces new challenges in a changing market. This HBR podcast episode explores how external market changes and internal restructuring within Sequoia might impact its future dominance.
Source: HarvardBiz - 🏆 310. / 63 Read more »
How Will Market Changes and Restructuring Affect Sequoia Capital?Sequoia Capital, a storied venture capital firm with an impressive track record, faces new challenges in a changing market. The firm has begun restructuring and adapting to these changes. This podcast episode explores the future of Sequoia Capital and its ability to maintain its historical dominance.
Source: HarvardBiz - 🏆 310. / 63 Read more »