Sequoia Capital Releases 1977 Memo on Apple Investment

Legendary VC firm Sequoia just released the memo for its Apple bet in 1977 — and it shows how far the iPhone maker has come

Sequoia Capital has shared a relic of business history that centers on Apple and Steve Jobs. Paul Chinn/The San Francisco Chronicle via Getty Images Sequoia Capital published founder Don Valentine's memo for his Apple investment in 1977. The VC firm shared it to mark the 50th anniversary of Apple's founding on April 1, 1976. "Leading company in a hot biz … $600k buys 10% — very rich deal, management questionable," it reads. A legendary venture capitalist sealed one of Silicon Valley's most ...