Source: Sequoia Capital completed its $861M purchase of Stripe shares from Sequoia limited partners last week; Stripe didn't receive any proceeds (Dan Primack/Axios)

Sequoia Capital recently completed its $861M purchase of Stripe shares from limited partners, with Stripe not receiving any proceeds from the transaction. This deal could set a precedent for how venture capital firms handle aging portfolio companies, as some LPs exited completely. The transaction highlights a potential new model for managing long-in-the-tooth investments in the VC world.

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