The recent (circa ~15 years) stock market boom has driven this. Their LPs are si...

		mbesto on Oct 26, 2021 \| parent \| context \| favorite \| on: The Sequoia Fund: Patient capital for building end... The recent (circa ~15 years) stock market boom has driven this. Their LPs are sitting their wondering "ya sure you got us a 100x return on investing in Facebook in 2006, but if you woulda kept your position when it IPO'd, it woulda been a 500x position". The market is driving this decision - there really isn't anything magical or bold about this.

Wouldn’t they do an in kind distribution? In which case it’s on the LPs to keep their positions.