Did you know that Maury Povich was an investor in Sequoia Capital?
The TV personality was one of many Sequoia limited partners who benefited from the sale of Sequoia portfolio company YouTube to Google. Such investor information is closely guarded by venture firms, but Sequoia couldn’t prevent the disclosure of LP names when Google filed a regulatory document about the purchase in February.
Some notable individuals cashed in by being LPs in Sequoia Technology Partners XI. Among those folks who took home Google shares worth $160,000 (based on a sale price of $470 per share) were Carol Ann Bartz, CEO of Autodesk, David Hitz, founder of Network Appliance, T.J. Rodgers, CEO of Cypress Semiconductor, Dan Warmenhoven, CEO of Network Appliance, and Jerry Yang, co-founder of Yahoo.
Two private equity pros pulled in shares worth $120,000: Asheem Chandna, a partner with Greylock Partners, and Michael Marks, a partner with Kohlberg Kravis Roberts & Co.
Individual LPs who received shares worth $80,000 included TV personality Povich, Forrest Sawyer, former NBC news anchor, and angel investor Ron Conway.
Of course, Sequoia’s biggest LPs took in sizeable amounts of Google stock. The Ford Foundation received shares worth $11.8 million, while HarbourVest, Princeton University and the University of Notre Dame du Lac each received $9.3 million.
Funds-of-funds took in $72 million, or more than 16% of Sequoia’s stake. Universities and their related funds made $114 million. Leading the way was Harvard University, which made $8.5 million, and Duke University, through its endowment, employees’ retirement plan and the Duke Management Co.’s Gothic Corp. received $11.8 million.
Among the law firms that benefited from being in Sequoia’s Technology Partners fund were Wilson Sonsini Goodrich & Rosati, which received shares worth $800,000, Gunderson Dettmer ($319,000), Heller Ehrman ($280,000), Fenwick and West ($200,000), Latham & Watkins ($80,000), and Perkins Coie ($60,000).