has been recognized for its strong track record of early investments. The firm has also distinguished itself from other top venture capital firms by diversifying its investments and not just focusing on U.S. early-stage venture capital. Sequoia is an umbrella brand for three different venture entities: one focused on the U.S. and Europe, another on India and Southeast Asia, and a third on China. In 2019, Sequoia made more new seed-stage investments than Series A deals. That same year, Hurun Research Institute identified Sequoia as the world's top unicorn investor, noting it had invested in one in five of all private companies valued at $1 billion or more. In July 2021, Sequoia published a piece about "the Latin American startup opportunity" that signaled it would increase its focus there. In October 2021, Sequoia announced the Sequoia Capital Fund, a new fund structure for its U.S. and European business. The fund structure is unique for VC funds as they are typically funds with a 10-year fund cycle instead of an open-ended evergreen fund. The Sequoia fund will no longer need to sell or distribute stock as in the usual VC fund cycle. Instead, limited partners who want liquidity can pull money out of the fund. Sequoia also announced it would become a RIA which would allow the firm more flexibility in its investments. In February 2022, Sequoia raised a $600 million Sequoia Crypto Fund. As one of the first sub-funds of Sequoia Capital Fund, the crypto fund will mainly invest in cryptocurrencies traded on third-party exchanges. In June 2022, Sequoia announced that it had raised $2.85 billion in additional funds to invest in India and Southeast Asia. The amount of funds raised is also the largest to date for the company in both India and Southeast Asia. Notable investments 2020s: BitClout, Bolt, FTX, Wiz, Loom, Shein strongDM 2010s: 23andMe, StarkWare Industries, Instacart, Klarna, Nubank, Snowflake, Stripe, WhatsApp, UiPath, Meituan, Pinduoduo, Dropbox, ByteDance 2000s: Airbnb, Palo Alto Networks, ServiceNow, Unity Technologies, YouTube 1970s-1990s: Apple, Cisco, Google, Nvidia, Webvan Programs and partnerships In 2009, Sequoia launched its scout program, which functions as an individual investor network that provides founders and other individuals with capital to invest in promising early-stage startups. Sequoia Scouts have invested in over 1,000 companies. Sequoia was the first venture capital firm to offer a scout program, and the model has since been emulated by others in the industry. In