#Who own whatsapp Bluetooth

He had cultivated them since 2010 before closing SequoiaвЂ™s first investment the following year.

вЂњThe notion of them marching up and down Sand Hill with a Powerpoint deck is comical,вЂќ said Goetz, referring to WhatsApp founders Jan Koum and Brian Acton. It also excels at courting promising companies that believe they donвЂ™t need cash and persuading them to take it - like WhatsApp, whose founders werenвЂ™t actively seeking funding. SequoiaвЂ™s habit of taking a long-term view, including holding stock post-IPO, was one of the factors that attracted him and his co-founder, he said.ДЇounders say that Sequoia, based on Silicon ValleyвЂ™s legendary Sand Hill Road, is adept at competing with other venture capitalists when a start-up is seeking funds. вЂњWeвЂ™re building Stripe for the long term,вЂќ said John Collison, co-founder of payments-company Stripe, another portfolio company. For example, Sequoia nudged its portfolio companies to embrace mobile more forcefully and earlier than other venture firms, Rusenko said. And it has missed out on some big success stories, such as Twitter.Д«ut among start-ups, the firm holds a reputation for being ahead of the curve. Others complain the company is too hard-nosed when it comes to negotiating. Silicon Valley impresario Sean Parker, for example, blamed Sequoia for contributing to the downfall of his online-address book company, Plaxo, after he was forced out. вЂњSequoia is the gold standard, as far as we were concerned.вЂќ вЂњWe were so excited to meet with them,вЂќ said David Rusenko, co-founder of web-hosting service Weebly, recalling his early interactions with Sequoia before the firm invested in his company three years ago.

#Who own whatsapp Bluetooth

Today, it is involved with many of the hottest startups, including accommodation service Airbnb, file-sharing service Dropbox, invitation service Eventbrite, and stereo and bluetooth headset maker Jawbone. As most others of the earlier generation faded from the scene, Sequoia held its own, going on to fund companies including Apple Inc, Oracle Corp, Paypal and Google Inc. Launched in 1972 by Don Valentine, a founder of National Semiconductor, Sequoia was one of the nationвЂ™s earliest venture-capital firms. The biggest venture investor in Facebook, Accel Partners, held $7.64 billion worth of Facebook shares at the time of that companyвЂ™s 2012 initial public offering (IPO). Sequoia also backed photo-sharing service Instagram, which Facebook bought in 2012 for $1.01 billion.

Sequoia, which invested $60 million and made around $3 billion from WhatsApp, according to a source familiar with the situation, has squeezed a considerable sum out of Facebook, even if it never did invest in the social-media behemoth. Its big wins take on particular significance in an era when venture firms must beat back challenges from individual investors known as вЂњangelsвЂќ and crowdfunding, new technology that makes early-stage investments less crucial than they once were, and critics who say that venture capital investments arenвЂ™t worth the trouble.ДЇacebook announced the acquisition deal on Thursday, astounding many with the price it paid for the service, which has 450 million users and is growing at 1 million a day. In a business where top firms come and go, Sequoia has proved remarkably tenacious. вЂњThis would make a lot more founders want to work with Jim Goetz,вЂќ said Sam Altman, a partner at Y Combinator, a program for startup companies whose previous startup was backed by Sequoia. With the sale of its protГ©gГ© company message service WhatsApp to ZuckerbergвЂ™s Facebook for $19 billion, Sequoia found a way to make money from Facebook as well as solidifying its position as a titan of venture capital.ДЄnd it establishes partner Jim Goetz, who landed the deal, as one of Silicon ValleyвЂ™s top rainmakers. But now, Sequoia is getting the last laugh. The discussion never got serious and Sequoia never invested in Facebook. Jim Goetz of Sequoia Capital speaks on stage during TechCrunch Disrupt SF 2012 at the San Francisco Design Center Concourse in San Francisco, California September 12, 2012.