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	<title>The Next Web &#187; Sequoia</title>
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		<title>Sequoia Capital said to be expanding to Brazil? Well yes, said by Sequoia.</title>
		<link>http://thenextweb.com/la/2012/05/24/sequoia-capital-said-to-be-expanding-to-brazil-well-yes-said-by-sequoia/</link>
		<comments>http://thenextweb.com/la/2012/05/24/sequoia-capital-said-to-be-expanding-to-brazil-well-yes-said-by-sequoia/#comments</comments>
		<pubDate>Thu, 24 May 2012 15:09:48 +0000</pubDate>
		<dc:creator>Anna Heim</dc:creator>
				<category><![CDATA[Insider]]></category>
		<category><![CDATA[Latin America]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[David Velez]]></category>
		<category><![CDATA[Sequoia]]></category>
		<category><![CDATA[Sequoia Capital]]></category>

		<guid isPermaLink="false">http://thenextweb.com/?p=397726</guid>
		<description><![CDATA[<img width="520" height="245" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2012/05/sao-paulo-by-roger4336-520x245.jpg" alt="sao paulo by roger4336" title="sao paulo by roger4336" /><br />Yesterday, The New York Times&#8217; DealBook reported that VC firm Sequoia Capital may be opening an office in Brazil, citing unnamed investor sources. Need a bit more solid confirmation? Well, look no...]]></description>
			<content:encoded><![CDATA[<img width="520" height="245" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2012/05/sao-paulo-by-roger4336-520x245.jpg" alt="sao paulo by roger4336 520x245 Sequoia Capital said to be expanding to Brazil? Well yes, said by Sequoia." title="sao paulo by roger4336 520x245 photo"  /><br /><p>Yesterday, The New York Times&#8217; <a title="Sequoia Capital Said to Be Expanding to Brazil" href="http://dealbook.nytimes.com/2012/05/23/sequoia-capital-said-to-be-expanding-to-brazil/">DealBook</a> reported that VC firm <a href="http://www.sequoiacap.com/">Sequoia Capital</a> may be opening an office in Brazil, citing unnamed investor sources.</p>
<p>Need a bit more solid confirmation? Well, look no further than the words uttered by Sequoia&#8217;s <a href="http://www.sequoiacap.com/us/david-velez">David Velez</a> himself.</p>
<p>That&#8217;s right: Velez, who cares after Latin American investments for Sequoia, confirmed the &#8216;rumor&#8217; about a month ago in a video that was <a title="[VIDEO] Kazsek va por las startups con visión regional y Sequoia VC desembarca en Brasil este julio" href="http://pulsosocial.com/2012/04/25/kazsek-va-por-las-startups-con-vision-regional-y-sequoia-vc-desembarca-en-brasil-este-julio/">posted</a> on the Spanish-speaking blog PulsoSocial.</p>
<p>The clip is part of a reality TV-style show on the Argentine accelerator <a href="http://www.nxtplabs.com/">NXTP Labs</a>. In this episode, we can see its founders have a Skype call with Velez, who details the firm&#8217;s plans in Brazil. You can watch the video (note: it&#8217;s in Spanish) below:</p>
<p><iframe width="500" height="281" src="http://www.youtube.com/embed/fCaKXGxvxs0?start=239&#038;fs=1&#038;feature=oembed" frameborder="0" allowfullscreen></iframe></p>
<p>Here&#8217;s a short transcript of Velez&#8217;s most interesting quote:</p>
<blockquote><p><img class="alignright  wp-image-397748" title="DAVID VELEZ 220x170 photo" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2012/05/DAVID_VELEZ-220x170.jpg" alt="DAVID VELEZ 220x170 Sequoia Capital said to be expanding to Brazil? Well yes, said by Sequoia." width="176" height="136" />&#8220;I am Colombian, and I have started working for Sequoia in January last year, beginning to look at opportunities for Sequoia in Latin America.</p>
<p>Our plan is to open offices in Sao Paulo in July, where I&#8217;ll be based and have a team.</p>
<p>Eventually, we will have a bigger team and a deeper knowledge of opportunities in Argentina, and we may start looking at opportunities that are a bit more early stage.&#8221;</p></blockquote>
<p>According to DealBook, the move has apparently been in the works for over a year. Before Velez was hired, Sequoia partner Doug Leone visited Brazil in December 2010 to look for opportunities.</p>
<p>However, the firm hasn&#8217;t yet backed any Brazil-based tech startup. Still, it has already invested in companies for which Brazil is a key market: Uruguyan SaaS provider ScannTech and Argentine travel portal Despegar, but also Tumblr, which recently <a title="Tumblr is now available in Portuguese for Portugal and Brazil, its second largest community" href="http://thenextweb.com/socialmedia/2012/05/19/tumblr-is-now-available-in-portuguese-for-portugal-and-brazil-its-second-largest-community/">launched a Portuguese version</a> of its platform.</p>
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		<title>The power of a Paul Graham intro: Sequoia pumps $10m into concerts site Songkick</title>
		<link>http://thenextweb.com/insider/2012/03/08/songkick-funding-sequoia-capital/</link>
		<comments>http://thenextweb.com/insider/2012/03/08/songkick-funding-sequoia-capital/#comments</comments>
		<pubDate>Thu, 08 Mar 2012 17:59:42 +0000</pubDate>
		<dc:creator>Robin Wauters</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Insider]]></category>
		<category><![CDATA[UK]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Sequoia]]></category>
		<category><![CDATA[Sequoia Capital]]></category>
		<category><![CDATA[Songkick]]></category>

		<guid isPermaLink="false">http://thenextweb.com/?p=343974</guid>
		<description><![CDATA[<img width="520" height="245" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2012/03/Photoxpress_4356674-520x245.jpg" alt="Cheering crowd at concert, musicians on the stage" title="Cheering crowd at concert, musicians on the stage" /><br />For all the companies Sequoia Capital has invested in (yes, including the likes of Google, Apple, YouTube, Atari and Yahoo) they&#8217;ve never backed a UK startup &#8211; at least to...]]></description>
			<content:encoded><![CDATA[<img width="520" height="245" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2012/03/Photoxpress_4356674-520x245.jpg" alt="Photoxpress 4356674 520x245 The power of a Paul Graham intro: Sequoia pumps $10m into concerts site Songkick" title="Photoxpress 4356674 520x245 photo"  /><br /><p>For all the companies <a href="http://www.sequoiacap.com/">Sequoia Capital</a> has invested in (yes, including the likes of Google, Apple, YouTube, Atari and Yahoo) they&#8217;ve never backed a UK startup &#8211; at least to my knowledge. Well, today is the day that this is definitely no longer true.</p>
<p>London-based <a href="http://www.songkick.com/">Songkick</a>, which is home to a large community of music fans who are keen to track where their favorite artists and bands are performing, has <a href="http://www.songkick.com/blog/2012/03/08/sequoia-is-backing-the-songkick-mission/">raised $10 million</a> in a Series B funding round led by the iconic VC firm.</p>
<p>Previous backers, including SoftTech VC, The Accelerator Group and Index Ventures, also participated in the financing round. To date, the company had raised approximately $6.5 million, we&#8217;re told, bringing its total funding to $16.5 million.</p>
<p>Songkick indexes ticket vendors, venue websites and local newspapers to create a database of concerts happening around the world. This gives people a centralized way of keeping track of live performances by their favorite bands and artists.</p>
<p>In addition, Songkick is trying to build an extensive online catalog of live concert recordings. Also check <a href="http://www.wolfgangsvault.com/concerts/">Wolfgang&#8217;s Vault</a> if you&#8217;re into that sort of thing.</p>
<p>Songkick co-founder and CEO Ian Hogarth tells me they&#8217;ll be using the fresh capital to double down on the development of the new products and innovations that were already on its roadmap, and to accelerate user growth.</p>
<p>In a blog post, Hogarth writes:</p>
<blockquote><p>We’re working round the clock right now on some big new features that I can’t wait to tell you about. We’ll be available in more places you’ve been telling us we should be. And we’re working on some very special new features to bring you closer still to the artists you love.</p>
<p>And to the artists reading this. We’re going to continue to help you get in front of new fans from Jakarta to San Francisco. We’ll have some news for you too soon.</p></blockquote>
<p>Already, the company&#8217;s comprehensive database of concerts is attracting some 5 million unique visitors per month. According to Hogarth, that makes Songkick the second largest concert site after Ticketmaster.</p>
<p>Songkick has <a href="http://www.songkick.com/developer">integrations</a> with HypeMachine, MTV, SoundCloud, Spotify, Vevo and YouTube, and its iPhone app proved so popular that 100,000 people downloaded in the first 10 days after its launch. An Android app is also <a href="http://help.songkick.com/customer/portal/questions/211188-android-app">on its way</a>.</p>
<p>Currently, there are 27 people working for Songkick, which has offices in London but also in San Francisco.</p>
<p>Fun fact: I asked Hogarth why this was a good time for the company to look for new funding. He told me that they weren&#8217;t necessarily looking, but that <a href="http://www.paulgraham.com/">Paul Graham</a> of <a href="http://ycombinator.com/">Y Combinator</a> fame (Songkick is a YC-funded startup) introduced them to some of the partners at Sequoia Capital.</p>
<p>The conversation with them went well (they apparently &#8220;hit it off&#8221;) and Songkick ended up raising this $10 million round as a result.</p>
<p>I&#8217;m sure they would have had little problem raising the capital on their own, but I think it&#8217;s a nice part of their story worth including in this post. Never underestimate the power of an introduction.</p>
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