Monday, October 9, 2006

Results Are In: Venture Capital Is Not Broken

In stark contrast to my article I just submitted about Sevin Rosen Funds deciding to not close on Fund X, we note that Google has purchased YouTube for $1.65B in stock.

TechCrunch says Sequoia could take $480 million from Google/YouTube deal.

Not bad for Sequoia, especially if they really put something under $20M to work here.

Sounds like VC is not broken after all.

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