Sequoia published a tribute to Valentine shortly later, calling him “among a generation of leaders who created Silicon Valley.”
A local of New York, Valentine learnt chemistry at Fordham University prior to signing up with Raytheon in South California, then moving north to the Bay Area to operate at Fairchild Semiconductor, where for many years, Valentine began investing his own small check out innovation companies that he was meeting. According to Sequoia Capital, he quickly brought in the attention of an early shared fund group, Capital Group, which staked Valentine, permitting him to form a $3 million endeavor fund in1974 Among his very first bets from that swimming pool of capital: Atari and Apple. He later on led the company into many other high-flyers, consisting of Cisco Systems.
Valentine continue to lead Sequoia up until turning over the reins well before retirement age to Doug Leone and Michael Moritz, though he continued going to partner conferences for another 10 years. The partners have actually stated they mored than happy for his continued suggestions and guidance– not that they constantly concurred with him.
In 2017, in keeping with the firm’s focus on succession and making sure smooth shifts, partner Roelof Botha was made U.S. head of the firm working under Leone, who manages the firm’s worldwide operations. (Other top officers consist of Neil Shen, the founder and managing partner of Sequoia Capital China, and Moritz, who stepped away for health reasons in 2012 however who stays actively involved in the firm.)
Leone issued a statement this afternoon about Valentine’s passing, composing: “We are deeply saddened to share that Don Valentine passed away on October 25,2019 Don’s life is woven into the material of Silicon Valley. He formed Sequoia and left his imprint not simply on those of us who had the opportunity to work with him or the many philanthropic institutions that invested with Sequoia, but likewise on the creators and leaders of a few of the most considerable technology companies of the later part of the twentieth century. Our thoughts are with Don’s wife, Rachel, with his household, and with all those influenced by his pioneering vision and enduring effect.”
Valentine selected the name Sequoia due to the fact that it “conveyed the durability and strength of the highest of redwoods,” according to the firm’s tribute today to Valentine. The partners note, too, the “humbleness of somebody who refrained from putting his own name on our business.”
Valentine is endured by his wife; three kids; and seven grandchildren, according to Sequoia.
Valentine joined TechCrunch at a Disrupt occasion back in2013 He appeared along with another leader of the endeavor market, Kleiner Perkins Caufield & Byers cofounder Tom Perkins Perkins died in June 2016 at age 84.