Classic case of venture capital.

Venture capitalists are looking for potential high returns, which are often several times or even more than the investment. Take Yahoo as an example. When it was1April 1995, Sequoia valued it at $4 million before investing in Yahoo. Officially listed one year later, April 65438+April 0996, with a market value of 8.5. Similar to Yahoo's successful experience, COMPAG, SUN, Microsoft, CA and other IT giants all grew up rapidly with the support and catalysis of such investment companies. It is a venture capital company like Sequoia that has created a series of miracles in the development of high-tech industries in the United States after the war. It is no exaggeration to say: "American high-tech since the 1970s is not only the development history of information industry, but also an extremely vivid success history of venture capital."