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Investor profile

DCM

Venture capital firm · Founded 1996 · Active in 2026

DCM is a venture capital firm based in USA, founded in 1996. The page below shows 50 Power Law outcomes from DCM's portfolio — 41 unicorns ($1B+ valuation) and 2 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Fintech · Other · Transportation; top portfolio geographies are USA · China · Japan. DCM ranks #154 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

50 Power Law outcomes Power Law Ranking #154 · Global · 50 Power Law outcomes · Active 2026
Unicorns ↑ 24% 5y
41
Decacorns ↑ 75% 5y
7
Thoroughbreds ↑ 19% 5y
28
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 50 DCM Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA26
  2. China15
  3. Japan4
  4. Indonesia1
  5. South Korea1
  6. UAE1
  7. Singapore1
  8. Nigeria1
By sectorCount
  1. Fintech8
  2. Other8
  3. Transportation7
  4. Other B2B Software7
  5. eCommerce & Marketplaces3
  6. Cybersecurity3
  7. AI3
  8. Marketing3
  9. Health Tech & Medtech2
  10. Biotech & Life Sciences2
  11. Robotics2
  12. Food1
By stage enteredCount
  1. Series B+27
  2. Series A11
  3. Seed3
Estimated holdings

DCM’s biggest current holdings.

An estimate of DCM’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 3 companies where DCM is a named shareholder, worth about $358M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Beijing EasyShare TechnologyTelecom · Unicorn 9% $3.0B $270M
  2. 2 AkulakuFintech · Unicorn 5% $1.8B $88M
  3. 3 PlentyFood · Unicorn 0.5%

Estimated value = DCM’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. DCM also appears inside investor groups in Amber Group, EvenUp, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

DCM’s biggest exits.

DCM portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2004
Entered Series B+Now $96.7B
IPO · 2009
Entered Series B+Now $95.3B
IPO · 1999
Entered Series B+Now $21.0B
$8.7B IPO · 2021
Entered Series B+Now $18.1B
IPO · 2003
Now $12.8B
IPO · 2013
Entered Series B+Now $8.7B
$4.5B IPO · 2024
Entered Series B+Now $7.2B
$1.6B IPO · 2021
Entered Series B+Now $5.9B
IPO · 1996
Entered Series B+Now $5.5B
$1.6B IPO · 2019
Entered Series ANow $3.3B
$3.1B acquisition · 2020
Entered Series B+
$2.9B IPO · 2021
Entered SeedNow $1.5B
$535M IPO · 2019
Entered Series B+Now $2.8B
$2.2B acquisition · 2021
Entered Series B+
$1.6B IPO · 2023
Entered Series B+Now $1.6B
$41M IPO · 2022
Entered Series ANow $1.5B
$230M IPO · 2021
Entered Series ANow $1.5B
$1.2B IPO · 2019
Entered Series B+Now $1.2B
IPO · 2007
Entered Series B+Now $1.1B
$1.0B acquisition · 2024
Entered Series A
04 · Portfolio market map

DCM's 50 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
50 of 50 Power Law outcomes
05 · Power Law comparison

How does DCM stack up?

DCM in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

90 founders across the 50 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Tsinghua University and Alphabet | Google are the deepest single pipelines.

LocationCount
China21
United States16
Armenia6
Germany5
Hungary4
Canada3
Sweden3
Pakistan3
Japan2
Former Soviet Union2
+2 more →
UniversityCount
Tsinghua University6
University of Toronto4
RWTH Aachen University4
American University of Armenia3
Stanford University3
UC Berkeley, Haas Business School3
Wharton School of the University of Pennsylvania3
Harvard University3
Carnegie Mellon University3
Eötvös Loránd University2
+32 more →
Origin companyCount
Alphabet | Google9
Google DeepMind6
Microsoft5
Meta3
OpenAI3
Stripe3
Tencent2
Apple2
NetScreen Technologies2
TMON2
+42 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about DCM

An AI-synthesized read of the highest-engagement posts about DCM on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about DCM

Recent press, funding announcements, and portfolio moves mentioning DCM — pulled live from Dealroom's news feed.

See all news

Want the full picture on DCM?

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