Seeding the exception: A flight to safety and back again

This time last year we were in the midst of the worst stock market crash in history. The private markets were no different. Notably, Sequoia published Coronavirus: The Black Swan of 2020.

Sitting at the bottom, few of us would have predicted public and private markets hitting all-time highs less than a year later.

We saw record capital deployed into startups in 2020 and no slowdown in financings.