Sequoia to Reap 25-Fold Return from Wiz’s Sale to Alphabet
(Bloomberg) — Wiz backer Sequoia Capital is poised to deliver a return of about 25 times its invested capital from the cybersecurity startup’s pending sale to Google parent Alphabet Inc., according to a person with knowledge of the matter. The multiple on invested capital, known as MOIC, is calculated based on Sequoia’s roughly 10% stake … Read more