Levine: Sequoia's seed deals in Airbnb and Dropbox are history's best
Daniel Levine · 20VC: Accel's Dan Levine on The Current State of Seed & Series A, The Rise of Pre-Emptive Rounds, Solo Capitalists and Multi-Stage Funds Entering Seed & Market, People and Product; What To Prioritise? · Nov 12, 2020 · at 29:27
Daniel Levine is a partner at Accel. He references historical seed investments by competing VC firm Sequoia Capital to illustrate the high returns of early-stage investing.
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“Two of the best deals of all time were seeds by Sequoia. I think an initial almost 600,000 dollar investment in Airbnb and a million dollar investment in Dropbox to get very large ownership positions.”
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