YouTube Investment Memo startup

The confidential YouTube Investment Memo by Sequoia you were never meant to see

Alexander Jarvis

Alexander Jarvis

Startup sucks and fundraising is a nightmare. I make awesome (allegedly) tools and write no BS content to help founders be more awesome and not get taken advantage of. If I can help, reach out.
Alexander Jarvis

The Deal

In 2005, Roelof Botha from Sequoia wrote an investment memo proposing to the investment committee (IC) that they invest in the seed round of a video company. That company was YouTube.

The partners agreed to invest $1 million which was then followed by a $4 million Series A. Google’s acquired YouTube a year later for $1.65 billion, netting Sequoia $500m- 57x its total investment. Not bad.

It would be pretty interesting to read that memo, right?

Out it Comes

During a 2010 court case of Viacom vs. Youtube (Google) case, Roelof had to disclose his investment memorandum as part of his testimony. Yay!

Read More

There is a detailed write up about the memo here. I’m not going to do the work when someone smarter than me has already done it ;).

If you want to see the pitch deck and some further information, head over to this blog.

Read it below, you can also download it here.

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