Sequoia Shares 1977 Apple Investment Memo
Sequoia Capital on April 2, 2026 released founder Don Valentine's 1977 memo proposing a $600,000 financing for 10% of Apple, shared to mark Apple's 50th anniversary. Valentine valued Apple at roughly $6 million, noted skepticism about management and high valuation, yet projected rapid sales growth. The memo underscores how early VC bets can yield outsized long-term returns and investor timing lessons.
Scoring Rationale
Timely, credible primary-source release that offers historical perspective. Scored mid-range because novelty is archival rather than transformative, scope is notable within tech/VC, and practical lessons exist but provide limited direct technical or operational action.
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Sources
- Read OriginalVC Firm Sequoia Releases Apple Memo From 1977,businessinsider.com



