March 20, 2021

The careful distinction Sequoia Capital makes in its Black Swan follow-up

[] The careful distinction Sequoia Capital makes in its Black Swan follow-up | Fortune© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our u003ca href="https://fortune.com/terms-of-use/">Terms of Useu003c/a> and u003ca href="https://fortune.com/privacy-policy/">Privacy Policyu003c/a> | u003ca href="/california-privacy-policy/#notice">CA Notice at Collection and Privacy Noticeu003c/a> | u003ca href="https://fortune.com/right-to-opt-out/">Do Not Sell My Personal Informationu003c/a> | u003ca href="http://preferences-mgr.trustarc.com/?pid=fortunemedia01&aid=fortunemedia01_pub&type=fortunemedia">Ad Choices u003c/a>u003cbr />nFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.u003cbr />nQuotes delayed at least 15 minutes. 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","type":"post"},"children":[{"name":"byline","config":{"link":"https://fortune.com/author/shawn-tully/","name":"Shawn Tully"},"children":[]},{"name":"image","config":{"aspectRatio":0.6666666666666666,"attachmentId":2958290,"alt":"Rising Interest Rates-Graph Concept","caption":"Rising interest rates could be a killer for stocks.","crops":[],"height":1920,"imageSize":"article-sidebar","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg?quality=60&resize=60,40","postId":2958044,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[130,86]},"descriptor":100}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg?resize=260,172 200w,https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg?resize=130,86 100w","url":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg","useBasicImg":false,"usingDataFallback":false,"width":2880,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"100px"},"children":[]},{"name":"byline","config":{"link":"https://fortune.com/author/shawn-tully/","name":"Shawn Tully"},"children":[]}]}]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles1","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":2}},"children":[]},{"name":"dianomi","config":{"type":"sidebar"},"children":[]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles2","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":3}},"children":[]}]},{"name":"article-media","config":{"publishDate":"","type":"video","section":"Newsletters"},"children":[{"name":"brightcove-video","config":{"accountId":"2111767321001","disableAds":false,"disableAutoplay":false,"disableContinuousPlay":false,"disableViewplay":false,"isLeadVideo":false,"loop":false,"playerId":"HDNR3TkSj","stickyPlayerOff":false,"silentlyAutoplay":true,"videoId":"6235312590001","section":"Newsletters"},"children":[]}]},{"name":"article-body","config":{"mediaType":"video","premiumCategory":"P-Newsletter"},"children":[{"name":"gutenberg-content","config":{},"children":[{"name":"html","config":{"content":" u003cp>At the start of the pandemic, Sequoia Capital released a widely disseminated memo dubbing the emerging coronavirus “u003ca href="https://medium.com/sequoia-capital/coronavirus-the-black-swan-of-2020-7c72bdeb9753">the Black Swan of 2020u003c/a>.” It called upon business leaders to conserve cash, reconsider internal forecasts, raise more, and potentially lay off employees.u003c/p> u003cp>On Thursday, the venture capital firm published a follow-up to that note. Its title is an indication of just how wildly things have changed in the past year.u003c/p>u003cp>u003c!-- piano selector -->u003c/p>u003cdiv class="paywall"> u003cp>In a Medium post called “COVID Accelerated the Future: Now Seize It,” the VC firm u003ca href="https://medium.com/sequoia-capital/covid-accelerated-the-future-now-seize-it-6a9e1d89a2c0">issued a battle cryu003c/a> to its founders and CEOs: “While the pandemic is far from over, we see an important window of opportunity opening right now.”u003c/p> u003cp>While acknowledging the rising social inequities in the pandemic, the note also points to a recovering U.S. economy, falling consumer debt, and higher savings as signs that the U.S. is “poised for stronger economic growth in the second half of 2021 than we’ve seen in decades.”u003c/p> u003cp>Now is the time to speed up, Sequoia tells its founders.u003c/p> u003cp>But the firm is careful to make a distinction: Yes, the pandemic has led consumers and businesses alike to move online in droves. Now companies must take stock as vaccines roll out: Which behaviors will persist after the pandemic and which won’t?u003c/p> u003cp>“If you feel confident about your business post-vaccine, now is the time to start carefully stepping on the gas (or accelerator pedal, if you’re driving electric),” the team writes.u003c/p> u003cp>Unfortunately, the question as to how behaviors will shift is one that no one can answer in full confidence quite yet. This means recovery will come with no shortage of uncertainty, much like our situation a year ago. u003c/p> u003cp>But today, that uncertainty comes with significantly more optimism.u003c/p> u003cp>u003cstrong>Lucinda Shenu003c/strong>u003cbr>u003cstrong>Twitter: u003c/strong>u003ca rel="noreferrer noopener" href="https://twitter.com/ShenLucinda" target="_blank">@shenlucindau003c/a>u003cbr>u003cstrong>Email: u003c/strong>lucinda.shen@fortune.comu003c/p> u003cp>u003cstrong>P.S. u003c/strong>Don’t miss this fascinating fund with a fresh approach to venture capital: Six-year-old Juxtapose is a so-called venture studio that spawns just one to two companies per year. Rather than investing in founders with ideas for businesses, Juxtapose builds all of its own companies. This way, it pursues venture-like returns with what it dubs private equity risk. The company has just raised $300 million for its second fund. And the average age of its CEOs sit at a cool 50. u003ca href="https://fortune.com/2021/03/19/juxtapose-new-venture-capital-fund-300-million/">Read my exclusive hereu003c/a>.u003c/p> u003ch3>VENTURE DEALSu003c/h3>nu003cp>– u003ca href="https://www.ossiumhealth.com/">u003cstrong>Ossium Healthu003c/strong>u003c/a>, an Indianapolis-based therapeutics company focused on blood and immune diseases, raised $63 million in Series B fundingu003cstrong>.u003c/strong> u003cstrong>General Catalyst u003c/strong>and u003cstrong>Vivo Capital u003c/strong>led the round and were joined by investors including u003cstrong>First Round Capital, Manta Ray Ventures,u003c/strong> andu003cstrong> XYZ Capitalu003c/strong>.u003c/p>nu003cp>– u003ca href="https://www.pollinate.co.uk/">u003cstrong>Pollinateu003c/strong>u003c/a>, a London-based software business for banks, raised $50 million in Series C funding. u003cstrong>Insight Partnersu003c/strong> led the round and was joined by investors including u003cstrong>NatWest Group, Mastercard, National Australia Banku003c/strong> (NAB), u003cstrong>EFM Asset Management,u003c/strong> and u003cstrong>Motive Partners.u003c/strong>u003c/p>nu003cp>– u003ca href="http://www.gravie.com/">u003cstrong>Gravieu003c/strong>u003c/a>, a Minneapolis, Mich.-based defined contribution healthcare company, raised $28 million in Series D funding. u003cstrong>AXA Venture Partnersu003c/strong> led the round and was joined by investors including u003cstrong>FirstMark Capital, Split Rock Ventures, u003c/strong>and u003cstrong>Revelation Partners.u003c/strong>u003c/p>nu003cp>– u003ca href="http://kuda.com/">u003cstrong>Kuda Technologiesu003c/strong>u003c/a>, a Nigeria-based banking service, raised $25 million in Series A funding. u003cstrong>Valar Venturesu003c/strong>, led the round and was joined by investors including u003cstrong>Target Globalu003c/strong>. u003ca href="https://techcrunch.com/2021/03/18/kuda-raises-25m-more-led-by-valar-to-become-the-neobank-for-every-african-on-the-planet/">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="https://act-on.com/">u003cstrong>Act-On Softwareu003c/strong>u003c/a>, a Portland-based marketing automation platform, raised $20 million. Investors included u003cstrong>U.S. Venture Partners, Technology Crossover Ventures, Norwest Venture Partners, Voyager Capital,u003c/strong> founderu003cstrong> Raghu Raghavan,u003c/strong> andu003cstrong> Beedie Capitalu003c/strong>. u003c/p>nu003cp>– u003ca href="http://www.3dfortify.com/">u003cstrong>Fortifyu003c/strong>u003c/a>, a Boston, Mass.-based additive manufacturing startup, raised $20 million. u003cstrong>Cota Capital u003c/strong>led the round and was joined by investors including u003cstrong>Accel Partners, Neotribe Venturesu003c/strong>, and u003cstrong>Prelude Ventures.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.openreel.com/">u003cstrong>OpenReelu003c/strong>u003c/a>, a New York-based video creation platform, raised $19 million in Series A funding. u003cstrong>Five Elms Capitalu003c/strong> led the round.u003c/p>nu003cp>– u003ca href="https://secureframe.com/">u003cstrong>Secureframeu003c/strong>u003c/a>, a San Francisco-based cybersecurity compliance company, raised $18 million in Series A funding.u003cstrong> Kleiner Perkinsu003c/strong> led and was joined by investors including joined by investors includingu003cstrong> Gradient Ventures u003c/strong>andu003cstrong> Base10 Partnersu003c/strong>.u003c/p>nu003cp>– u003ca href="https://fortrobotics.com/">u003cstrong>FORT Roboticsu003c/strong>u003c/a>, a Philadelphia robotics company, raised a $13 million raise. u003cstrong>Prime Movers Lab u003c/strong>led the round and was joined by investors includingu003cstrong> Prologis Ventures, Quiet Capital, Lemnos Labs, Creative Ventures, Ahoy Capital, Compound, FundersClub, u003c/strong>and u003cstrong>Mark Cuban.u003c/strong> u003ca href="https://techcrunch.com/2021/03/18/fort-raises-13m-for-its-robotics-safety-software/">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="https://charge-amps.com/">u003cstrong>Charge Ampsu003c/strong>u003c/a>u003cstrong>,u003c/strong> Sweden-based green-tech company and maker of EV charging solutions, raised £11 million (SEK 130 million). u003cstrong>Swedbank Roburu003c/strong> led the round and was joined by investors includingu003cstrong> Microcapu003c/strong> and u003cstrong>Ny Teknik. u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.zibo.co/">u003cstrong>Zibou003c/strong>u003c/a>, a Redwood City, Calif.-based platform for landlord financial services, raised some $4.5 million. Investors include u003cstrong>Camber Creek.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.visage.jobs/">u003cstrong>Visageu003c/strong>u003c/a>, a San Francisco-based hiring platform using the power of the crowd, raised $7 million in Series A funding. u003cstrong>First Analysis u003c/strong>led the round and was joined by investors including u003cstrong>Urban Innovation Fund. u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.curibio.com/">u003cstrong>Curi Biou003c/strong>u003c/a>, a Seattle-based developer of human stem cell-based platforms for drug discovery, raised $6 million in Series A funding. u003cstrong>Dynamk Capitalu003c/strong> led the round.u003c/p>nu003cp>– u003ca href="https://contents.com/">u003cstrong>Contentsu003c/strong>u003c/a>, a Milan-based startup for disseminating content, raised $6 million in Series A funding. u003cstrong>Sinergia Venture u003c/strong>led the round and was joined by investors including u003cstrong>Fabio Cannavaleu003c/strong> (CEO of Lastminute) and u003cstrong>Alberto Chalon u003c/strong>(Founder of Qwant).u003c/p>nu003cp>– u003ca href="http://digbihealth.com/">u003cstrong>Digbi Healthu003c/strong>u003c/a>, a Mountain View, Calif.-based provider of gut microbiome and genetic care programs, raised $5.4 million in Series A funding. u003cstrong>Accelu003c/strong> led the round and was joined by investors including u003cstrong>Wisdomu003c/strong>,u003cstrong> Ocean Azul Partners,u003c/strong> and u003cstrong>Seraph Venture.u003c/strong> u003c/p>nu003cp>– u003ca href="https://launchtrip.com/">u003cstrong>Launchtripu003c/strong>u003c/a>, a New York-based travel startup, raised $3.8 million in seed funding. Investors included u003cstrong>Axis Capitalu003c/strong>. u003c/p>nu003cp>– u003ca href="https://slapdash.com/">u003cstrong>Slapdashu003c/strong>u003c/a>, a maker of workplace software tools, raised $3.7 million in seed funding. Investors included u003cstrong>S28 Capital, Quiet Capital, Quarry Ventures, UP2398,u003c/strong> and u003cstrong>Twenty Two Venturesu003c/strong>. u003ca href="https://techcrunch.com/2021/03/18/slapdash-raises-3-7m-seed-to-ship-a-workplace-apps-command-bar/">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="http://feeleven.com/">u003cstrong>Evenu003c/strong>u003c/a>, a Denver-based wellness startup, raised $1.5 million in seed funding. Investors included u003cstrong>Align Ventures, Spring Street Group,u003c/strong> and u003cstrong>GAN Venturesu003c/strong>.u003c/p>nu003cp>– u003ca href="https://coinstats.app/">u003cstrong>CoinStatsu003c/strong>u003c/a>, an Armenia-based cryptocurrency portfolio management platform, raises $1.2 million in seed funding. Investors included u003cstrong>Imperii Partners u003c/strong>andu003cstrong> Formula VC.u003c/strong>u003c/p>nu003ch3>PRIVATE EQUITYu003c/h3>nu003cp>– u003cstrong>TPG’s The Rise Fundu003c/strong> will invest $200 million in u003ca href="https://airtel.africa/">u003cstrong>Airtel Africau003c/strong>u003c/a>u003cstrong>’s mobile money businessu003c/strong>. u003c/p>nu003cp>– u003cstrong>Varde Partnersu003c/strong> andu003cstrong> Brigade u003c/strong>invested $100 million in u003ca href="https://www.mercuryfinancial.com/">u003cstrong>Mercury Financialu003c/strong>u003c/a>u003cstrong>,u003c/strong> an Austin-based financial company. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Arch Capital Group u003c/strong>will acquire u003ca href="https://www.westpac.com.au/">u003cstrong>Westpac Bankingu003c/strong>u003c/a>’s mortgage insurance business. Financial terms weren’t disclosed. u003ca href="https://www.reuters.com/article/us-westpac-divestiture/westpac-to-sell-lenders-mortgage-insurance-business-to-arch-capital-idUSKBN2BA02L">Read moreu003c/a>.u003c/p>nu003cp> – u003cstrong>Avionosu003c/strong>, backed by u003cstrong>Aktion Partnersu003c/strong>, acquiredu003ca href="https://objectwave.com/"> u003cstrong>ObjectWaveu003c/strong>u003c/a>, a Chicago-based ecommerce consultancy. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Nightingale Partnersu003c/strong> invested in u003ca href="https://sonavilabs.com/">u003cstrong>Sonavi Labu003c/strong>u003c/a>, a Baltimore, Md.-based AI software and auscultation medical devices platform focused on respiratory diseases and infections. Financial terms weren’t disclosed.u003c/p>nu003cp> – u003cstrong>NewSpringu003c/strong> invested in u003ca href="https://blomedry.com/">u003cstrong>Blo Blow Dry Baru003c/strong>u003c/a>, a blow dry bar franchise. Financial terms weren’t disclosed.u003c/p>nu003cp> – u003cstrong>Peak Utility Services Group,u003c/strong> backed by u003cstrong>Orix Capital Partnersu003c/strong>, acquired u003ca href="https://www.superiorpipelineservices.com/">u003cstrong>Superior Pipeline Servicesu003c/strong>u003c/a>, a Fort Worth, Tx.-based utilities contractor. Financial terms weren’t disclosed.u003c/p>nu003cp> – u003cstrong>Saw Mill Capital Partnersu003c/strong> acquired u003ca href="https://www.nemotile.com/">u003cstrong>Nemo Tileu003c/strong>u003c/a>, a New York-based designer and distributor of tile, stone, and setting materials. Financial terms weren’t disclosed.u003c/p>nu003ch3>EXITSu003c/h3>nu003cp> – u003cstrong>Blackstone u003c/strong>agreed to acquire u003ca href="https://www.desotec.com/en">u003cstrong>DESOTECu003c/strong>u003c/a>,a  European environmental service company, from u003cstrong>EQTu003c/strong>. Financial terms weren’t disclosed.u003c/p>nu003cp> – u003cstrong>Instaclustru003c/strong>, backed by u003cstrong>Level Equity u003c/strong>and u003cstrong>Bailador, u003c/strong>acquired Germany- and U.S.-based u003ca href="https://www.credativ.com/">u003cstrong>credativu003c/strong>u003c/a>, a Columbia, Md-based open source software and services firm. Financial terms weren’t disclosed.u003c/p>nu003cp> – u003cstrong>Innovatus Capital Partnersu003c/strong> acquired u003ca href="https://www.publiclabelagency.com/">u003cstrong>Public Labelu003c/strong>u003c/a>, a  Boulder-based ad agency from Match Marketing Group. It also acquired u003ca href="https://www.matchmg.com/">u003cstrong>Match Retailu003c/strong>u003c/a>, Toronto-based ad agency, fromu003cstrong> Southfield Capital.u003c/strong> Financial terms weren’t disclosed.u003c/p>nu003ch3>OTHERu003c/h3>nu003cp> – u003cstrong>Chubbu003c/strong> (NYSE:CB) offered to acquire u003ca href="https://www.thehartford.com/business-insurance/financial-services">u003cstrong>Hartford Financial Services Groupu003c/strong>u003c/a> (NYSE: HIG), a Hartford, Conn.-based insurance firm, for about $23.2 billion in cash and stock.u003c/p>nu003cp> – u003cstrong>II-VI u003c/strong>(Nasdaq: IIVI) raised its bid for u003ca href="https://www.coherent.com/">u003cstrong>Coherentu003c/strong>u003c/a> (Nasdaq: COHR), a Santa Clara, Calif.-based laser maker, to $7 billion. u003ca href="https://www.reuters.com/article/us-coherent-m-a-ii-vi/bidding-war-for-laser-maker-coherent-intensifies-with-ii-vis-7-billion-revised-offer-idUSKBN2BA128">Read moreu003c/a>.u003c/p>nu003ch3>IPOu003c/h3>nu003cp>– u003ca href="https://www.tuya.com/">u003cstrong>Tuyau003c/strong>u003c/a>, a IoT cloud platform in China, raised $915.4 million in an IPO of 43.6 million ADSs priced at $21 apiece. u003cstrong>NEAu003c/strong> and u003cstrong>Tencent u003c/strong>back the firm. u003ca href="https://www.sec.gov/Archives/edgar/data/1829118/000119312521079368/d75491df1a.htm">Read moreu003c/a>.u003c/p>nu003cp> – u003ca href="https://www.alignmenthealthcare.com/">u003cstrong>Alignment Healthcareu003c/strong>u003c/a>, an Orange, Calif.-based healthcare platform, plans to raise $490 million in an offering of 27.2 million shares (20% insider) priced between $17 to $19. u003cstrong>Warburg Pincus u003c/strong>and u003cstrong>General Atlanticu003c/strong> back the firm. u003ca href="https://www.sec.gov/Archives/edgar/data/0001832466/000119312521084780/d50030ds1a.htm">Read moreu003c/a>.u003c/p>nu003cp> – u003ca href="https://instilbio.com/">u003cstrong>Instil Biou003c/strong>u003c/a>, a Dallas-based biotech developing therapies for cancer, now plans to raise $312 million via an offering of 16 million shares priced between $19 to $20, a larger offering at a higher price than previously stated. u003cstrong>Curative Ventures, Vivo Capital, u003c/strong>andu003cstrong> CPMGu003c/strong> back the firm.  u003ca href="https://www.sec.gov/Archives/edgar/data/0001789769/000119312521085124/d138592ds1a.htm">Read moreu003c/a>.u003c/p>nu003cp> – u003ca href="https://www.olink.com/">u003cstrong>Olink Holdingu003c/strong>u003c/a>, a Sweden-based biotech, says it plans to raise $300 million in an offering of 17.6 million ADSs (25% insider sold) priced between $16 to $18 apiece. u003ca href="https://www.sec.gov/Archives/edgar/data/0001835539/000110465921038055/tm2037818-9_f1a.htm">Read moreu003c/a>.u003c/p>nu003cp> – u003ca href="https://www.suncountry.com/contact-us">u003cstrong>Sun Country Airlines Holdingsu003c/strong>u003c/a>, a budget air carrier, raised $218.2 million in an IPO of 9.1 million shares priced at $24 apiece. u003cstrong>Apollou003c/strong> backs the firm. u003ca href="https://www.sec.gov/Archives/edgar/data/0001743907/000119312521072301/d71456ds1a.htm">Read moreu003c/a>.u003c/p>nu003cp> – u003ca href="https://www.thredup.com/">u003cstrong>ThredUpu003c/strong>u003c/a>, an Oakland, Calif.-based marketplace for second hand clothing, plans to raise as much as $168 million in an IPO of 12 million shares priced at $12 to $14 apiece. u003cstrong>Goldman Sachsu003c/strong> backs the firm. u003ca href="https://www.sec.gov/Archives/edgar/data/1484778/000162828021003857/thredups-1.htm">Read moreu003c/a>.u003c/p>nu003cp> – u003ca href="https://kahoot.com/">u003cstrong>Kahootu003c/strong>u003c/a>, a Norway-based education games maker, is exploring a secondary listing in New York or another major European exchange. u003cstrong>SoftBank u003c/strong>backs the firm. u003ca href="https://www.reuters.com/article/us-kahoot-listing-newyork/norways-kahoot-to-explore-secondary-u-s-listing-ceo-idUSKBN2BA1H4">Read moreu003c/a>.u003c/p>nu003ch3>SPACu003c/h3>nu003cp> – u003ca href="https://www.offerpad.com/">u003cstrong>Offerpadu003c/strong>u003c/a>, a Chandler, Ariz.-based real estate solutions platform, agreed to go public via merger with u003cstrong>Supernova Partners Acquisition Companyu003c/strong>, a SPAC formed in part by a Zillow co-founder. A deal values the firm at $3 billion.u003c/p>nu003cp> – u003ca href="https://rockleyphotonics.com/">u003cstrong>Rockley Photonicsu003c/strong>u003c/a>, a supplier of integrated silicon photonic chips and modules, agreed to merge with u003cstrong>SC Health, u003c/strong>a SPAC. A deal values the firm at $1.2 billion.u003c/p>nu003cp> – u003ca href="https://www.sec.gov/Archives/edgar/data/0001849313/000119312521084140/d125977ds1.htm">u003cstrong>Falcon Capital Acquisition IIu003c/strong>u003c/a>, a SPAC from veteran banker Alan Mnuchin, filed for a $400 million IPO.u003c/p>nu003cp> – u003cstrong>Healthcare Merger IIu003c/strong>, a SPAC led in part by a former CEO of Magellan, filed to raise $300 million. u003ca href="https://www.sec.gov/Archives/edgar/data/1821768/000121390021016374/fs12021_healthcaremerger2.htm">Read moreu003c/a>.u003c/p>nu003ch3>F+FSu003c/h3>nu003cp>–u003ca href="https://www.blackstone.com/">u003cstrong>Blackstoneu003c/strong>u003c/a>, a New York-based investing firm, closed Blackstone Growth with $4.5 billion.u003c/p>nu003cp> – u003ca href="https://www.commonfund.org/private-equity">u003cstrong>Commonfund Capitalu003c/strong>u003c/a>, a Wilton, Conn.-based today investment firm, closed Commonfund Venture Partners XIII with $625 million. u003c/p>nu003cp> – u003ca href="http://www.brunnurventures.com/">u003cstrong>Brunnur Venturesu003c/strong>u003c/a>, an Iceland-based venture capital firm, launched its second venture fund of $65 million.u003c/p>nu003ch3>PEOPLEu003c/h3>nu003cp> – u003ca href="https://section32.com/">u003cstrong>Section 32u003c/strong>u003c/a>, a San Diego, Calif.-based venture capital fund, named u003cstrong>Andy Harrisonu003c/strong> as managing partner. He previously held executive roles at Alphabet.u003c/p>nu003c/div>n"},"children":[]}]}]},{"name":"dianomi","config":{"type":"footer"},"children":[]}]}]}]}},"componentData":{},"error":null,"loading":false,"player":{"currentTime":0,"duration":0,"loading":false,"playing":false,"seek":0,"src":"","visible":false,"volume":0.5},"route":{"status":200,"redirectTo":"","redirectStatus":0,"action":"PUSH","pathname":"/2021/03/19/the-careful-distinction-sequoia-capital-makes-in-its-black-swan-follow-up/","search":"?","hash":""},"visible":{"search":false,"primaryNav":false,"freestar":false,"adminBar":false},"contactForm":{"submitting":false,"submitted":false,"failed":false,"validation":{},"redirect":""},"user":{"isLoggedIn":false,"accessLevel":null}}; ]]> response.json()) .then(function (data) { signPackage = data; wx.config(data); wx.ready(function () { wx.updateTimelineShareData({ title: title, link: url, imgUrl: img, success: function () {}, cancel: function () {} }); wx.updateAppMessageShareData({ title: title, desc: desc, link: url, imgUrl: img, success: function () {}, cancel: function () {} }); wx.error(function (res) { //location.href = g_url; }); }); }) } }; script.src = "https://res.wx.qq.com/open/js/jweixin-1.6.0.js"; document.head.appendChild(script); } ]]> You need to enable JavaScript to view this site.
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