Sequoia warned of a Black Swan in 2020, but it turned out to be one of its best years ever

Sequoia warned of a Black Swan in 2020, but it turned out to be one of its best years ever

Photo: DEALSTREETASIA

About a week before the coronavirus was declared a pandemic, one of the world’s leading venture capital firms issued a dire prophecy. Sequoia Capital advised its companies to rein in spending, cut jobs and adapt to a new economic reality.