Scouts in Silicon Valley

choi

Rolfe Winkler, Rolfe Winkler, The Secretive Club Funding Silicon Valley; 'Scouts' help venture-capital giant Sequoia Capital find the next big thing. Wall Street Journal, Nov 13, 2015 (front page)
http://www.wsj.com/articles/secr ... n-valley-1447381377

photo caption: Scouts such as Jason Calacanis look for ideas that Sequoia might like.

two consecutive paragraphs:

“The $25,000 from Sequoia that Mr Calacanis sank into Uber was part of the company’s [Uber’s] first fundraising round, which raised less than $2 million.

“Since then, Uber’s total funding has swelled to more than $8 billion. Uber was last valued at $51 billion, making it the world’s most highly valued private tech company. Sequoia’s piece of the original $25,000 stake now is likely worth more than $40 million.

My comment: There is no need to read the rest.