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Legendary VC firm Sequoia just released the memo for its Apple bet in 1977 — and it shows how far the iPhone maker has come [Business Insider]
Last apple inc. earnings: 4/30 04:30 pm
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This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Sequoia Capital published founder Don Valentine's memo for his Apple investment in 1977. The VC firm shared it to mark the 50th anniversary of Apple's founding on April 1, 1976. "Leading company in a hot biz … $600k buys 10% — very rich deal, management questionable," it reads. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. What was Apple's initial market cap? What factors led to Apple's growth? How did Apple's valuation change over time? How did Sequoia Capital impact Apple? Why did Sequoia sell its Apple stake? A legendary venture capitalist sealed one of Silicon Valley's most iconic deals when he invested in Apple back in 1977, the year after it
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