Sequoia, one of the world’s best-known venture capital funds, recently announced a fundamental change in its business model in turning from the traditional, large number of closed funds into one open and liquid fund.
In an article for Calcalist, Dr. Ayal Shenhav, head of the firm’s hi-tech and venture capital department, offers an explanation for Sequoia’s dramatic decision and its implications for the future.
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Dr. Ayal Shenhav
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