Assertion Contradicted AI assessment confidence: 90% certainty 4/5 debate potential 2/5

Sequoia Capital Invests More Money Outside California Than Inside

Chris Olsen · 20VC: The Biggest Trend Of Our Lifetime Is The Decentralisation of Entrepreneurship Away From The Valley, The Biggest Lessons From Learnings The Craft of VC at Sequoia & The Benchmarks Required to Attract Growth Investors with Chris Olsen, Founding Partne · Apr 23, 2018 · at 10:13

Chris Olsen, founding partner of Drive Capital and former partner at Sequoia Capital, discusses global venture capital deployment patterns.

0:00 / 0:06exact quote · 6.3s

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“Today, Sequoia, and many of the other venture firms, they invest more money outside of California than inside of it”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

As of 2018, Sequoia Capital and many other major venture capital firms invest more capital outside of California than inside California.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

According to PitchBook and Crunchbase data for the period leading up to April 2018, California accounted for over 50% of all U.S. venture capital dollars deployed nationwide. Specifically for Sequoia Capital, PitchBook deal-tracking data shows that approximately 73% of its U.S. investments were concentrated within California, with only ~27% located outside the state. Across the broader U.S. venture capital industry, major firms collectively deployed the majority of their capital inside California rather than outside of it.

PitchBook baseline data indicates ~73% of Sequoia Capital's deal investments were inside California and ~27% outside California prior to 2020.
PitchBook and Carta data show California captured ~51% of all U.S. venture capital raised in 2018.
PitchBook-NVCA Venture Monitor reports confirmed major U.S. VC firms collectively maintained capital concentration inside California during 2017–2018.

Checked against

[1] thetwentyminutevc.com [2] ssti.org [3] carta.com [4] kuleuven.be [5] rero.ch [6] crunchbase.com [7] pitchbook.com [8] pitchbook.com

assessed as of 2026-07-23

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

California Sequoia Capital

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