Once is an exception, twice is a trend: Sequoia Chinese IPOs

In my regular work of compiling equity structures of start-ups, I fell twice in a row on Chinese start-ups. And twice, Sequoia was a large investor. And twice, they were incorporated in the Cayman islands. I do not know much about China, but this simple “discovery” is of interest. One start-up is in the Internet field, VIPShop, and the other one in biotechnology, NewSummit.

Click on table to enlarge

Here is the rather complex holding structure, which probably made possible a Sequoia investment in a Chinese start-up.

I tried to find some common features among the founders: none seemed to have studied or worked outside of China, which I think is interesting and somehow unusal with high-tech entrepreneurs. Their age: 32, 33, 36 and 37, which makes an average of 34.5. My overall average (see my analysis) over 257 founders is 34.9. I could not find any picture of them but this could be linked to the fact that the sites are usually in Chinese.

Click on table to enlarge

One thought on “Once is an exception, twice is a trend: Sequoia Chinese IPOs

  1. business

    Hey There I really liked reading your thoughts. I’m thinking about beginning my own blog in the near future Best.


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