Sequoia posted a tribute to Valentine at this time afterward, calling him “one in every of a generation of leaders who solid Silicon Valley.”
A local of Original York, Valentine majored in chemistry at Fordham College sooner than becoming a member of Raytheon in South California, then intelligent north to the Bay Apartment to work at Fairchild Semiconductor, the put over time, Valentine began investing his contain limited checks into technology companies that he was meeting. In line with Sequoia Capital, he at this time attracted the eye of an early mutual fund community, Capital Neighborhood, which staked Valentine, allowing him to design a $3 million challenge fund in 1974. Among his first bets from that pool of capital: Atari and Apple. He later led the firm into slightly about a diversified high-flyers, including Cisco Techniques.
Valentine continue to e-book Sequoia until handing over the reins effectively sooner than retirement age to Doug Leone and Michael Moritz, despite the truth that he continued attending accomplice conferences for one more 10 years. The companions contain mentioned they had been tickled for his continued advice and guidance — no longer that they constantly agreed with him.
In 2017, per the firm’s focal level on succession and guaranteeing gentle transitions, accomplice Roelof Botha was made U.S. head of the firm working under Leone, who oversees the firm’s global operations with Neil Shen, the founder and managing accomplice of Sequoia Capital China. (Moritz stepped away for health causes in 2012, despite the truth that he has continued to remain actively inquisitive relating to the firm.)
Leone issued a statement this afternoon about Valentine’s passing, writing: “We’re deeply saddened to part that Don Valentine passed away on October 25, 2019. Don’s life is woven into the cloth of Silicon Valley. He formed Sequoia and left his imprint no longer appropriate on these of us who had the privilege to work with him or the diversified philanthropic establishments that invested with Sequoia, nevertheless also on the founders and leaders of about a of doubtlessly the vital technology companies of the later phase of the twentieth century. Our suggestions are with Don’s wife, Rachel, with his household, and with all these impressed by his pioneering imaginative and prescient and indelible impact.”
Valentine selected the name Sequoia because it “conveyed the longevity and strength of the tallest of redwoods,” consistent with the firm’s tribute on the present time to Valentine. The companions hide, too, the “humility of any individual who refrained from striking his contain name on our alternate.”
Valentine is survived by his wife; three youngsters; and 7 grandchildren, consistent with Sequoia.
Valentine joined TechCrunch at a Disrupt tournament serve in 2013. He regarded on the side of one more pioneer of the challenge industry, Kleiner Perkins Caufield & Byers cofounder Tom Perkins . Perkins passed away in June 2016 at age 84.