‘100% in Office Every Day, Including Weekends’: The Rise of the Hard-Line Return-to-Office Policy Read More

Public stocks held by Sequoia Capital, Andreessen Horowitz and Bessemer Venture Partners lost 44% of their value, or $18.3 billion, between March 31 and June 30 as the venture capital firms held on to sizable stakes in tech companies they had backed as startups, though they have recovered somewhat in recent weeks, according to recent securities filings tracked by S&P Global Market Intelligence.

Sequoia Capital’s public stock holdings sank 42% to $17.7 billion over the period, including the company’s U.S., Europe, and Asia businesses, according to S&P. The venture firm’s holdings were dragged down by positions in four companies that went public in the past two years—delivery app DoorDash, cloud software firm Snowflake, banking firm Nu Holdings and game software developer Unity Technologies. Those stakes were valued at $7.7 billion on June 30, down by half from three months earlier, securities filings show.