Sequoia Capital's Twitter seems to have changed its operator, issuing NFT and changing the company's profile to "DAO". But what is certain is that from Shen Nanpeng's latest statement of "all in crypto" and the company's clear indication of increasing investment in the crypto field, this giant has already been impatient.

Sequoia Capital is the top venture capitalist in the global Internet, and moreover, the top VC in the Chinese Internet industry. Getting investment from Sequoia Capital often means becoming the leader in the industry. Recently Sequoia Capital started to surge in the field of cryptocurrency, so looking back at the history, what projects did it actually invest in?

Around 2017, Sequoia Capital participated in three of the largest cryptocurrency ventures in the China region, including Binance, Bitmain and Huobi Global , as well as some most prominent public chains.

Huobi received multi-million dollar funding from Sequoia China in March 2014; Sequoia Capital participated in multiple rounds of investment in Bitmain from 2016 to 2018; Sequoia Capital attempted to participate in Binance in 2017 but ended up losing the investment. In addition, Sequoia Capital participated in several investments in public chains, including Distribution Technology (NEO), Nervos, Filecoin, Conflux (2018).

Sequoia Capital's dispute with Binance became a public case in industry history, and CZ even announced that any Sequoia Capital-invested project would be strictly checked. The delay in IPO of Bitmain has also become a pain for Sequoia, Shen Nanpeng personally participated in resolving the dispute between the two founders of Bitmain in order to seek a IPO as soon as possible.

As the industry began its downturn in 2018, Sequoia Capital, similar to the other traditional capital of 2017, began to lose interest in the crypto industry. When the market turned around in 2021 that it started to enter the cryptocurrency industry again.

In January this year, Sequoia China announced the completion of its investment in Dragonfly Capital and became its strategic partner. In May this year, Sequoia China participated in the $50 million Series A financing of Babel Finance, a crypto asset financial service provider.

Around 2021, Sequoia Capital has participated in exchange FTX, metaverse game brand Animoca Brands (SANDBOX parent company), new social network BitClout, crypto asset management platform Coinshift, DeFi platform Beta Finance, video chat platform Gather BitClout, the new social network BitClout, the crypto asset management platform Coinshift, the DeFi platform Beta Finance, the video chat platform Gather, the DeFi parallel chain Parallel Finance, the NFT social platform Pulsr, the ethereum Layer 2 developer StarkWare, the security company CertiK, the digital asset custody platform Fireblocks, the public chain Polygon (not yet announced), the decentralized capital market project Clearpool, the NFT platform based on the Poca ecosystem Sub SubGift, an NFT platform based on the PoC ecosystem, etc.

It should be noted that Sequoia Capital, Sequoia China, Sequoia Capital India, etc. are different, and Sequoia Capital is no longer chasing high-quality large companies as it did in the early days, but there are also some small and medium-sized companies and projects that have received investments.

On the other hand, in terms of the quality and quantity of invested projects, Sequoia Capital is still quite far from the head VCs in the crypto industry (such as a16z, multicoin, paradigm, 3ac, coinbase, binance, etc.), and the investment track is also quite confusing.

Reference：https://finance.sina.com.cn/chanjing/cyxw/2021-08-03/doc-ikqciyzk9347879.shtml

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