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All Content from Business Insider | Legendary VC firm Sequoia just released the memo for its Apple bet in 1977 — and it shows how far the iPhone maker has come by Theron Mohamed

Sequoia Capital has shared a relic of business history that centers on Apple and Steve Jobs.Paul Chinn/The San Francisco Chronicle via Getty Images

Sequoia Capital published founder Don Valentine's memo for his Apple investment in 1977.The VC firm shared it to mark the 50th anniversary of Apple's founding on April 1, 1976."Leading company in a hot biz … $600k buys 10% — very rich deal, management questionable," it reads.A legendary venture capitalist sealed one of Silicon Valley's most iconic deals when he invested in Apple back in 1977, the year after it was founded.

Sequoia Capital celebrated Apple's 50th anniversary on Wednesday by releasing the late Don Valentine's memo about Apple for the first time — and it shows just how far the computer maker has come.

— Sequoia Capital (@sequoia) April 1, 2026 First bite of the AppleRead the original article on Business Insider

#apple #sequoiacapital #stevejobs #venturecapital #sequoiacapital #stevejobs #siliconvalley

Legendary VC firm Sequoia just released the memo for its Apple bet in 1977. Read it here.

Sequoia's Don Valentine wrote a memo about investing in Apple in 1977. He called it a "very rich deal" but called its management "questionable."

Business Insider