Sequoia Capital has been at the top of its game in the U.S. for decades, thanks to early investments in Google, Yahoo, LinkedIn, and PayPal, as well as, more recently, its stakes in the messaging startup WhatsApp, the payments company Stripe, and the video conferencing unicorn company Zoom.
Yet unlike a lot of top tier firms in Silicon Valley, Sequoia is far from reliant on the Bay Area companies for huge returns. Instead, a dozen years ago, anticipating that the most impactful tech ideas could come from anywhere and be built around the world, the firm founded Sequoia China and Sequoia India, assembling local teams to invest in startup and help founders build their companies.
That strategy is right now paying off, big time. As we reported earlier this week, Sequoia currently makes more than 50 cents from every dollar returned to its investors from its overseas bets.
Among the many companies Sequoia Capital China alone has funded: Meituan-Dianping, the group-discount…