<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>mbesto</author><text>The recent (circa ~15 years) stock market boom has driven this. Their LPs are sitting their wondering &amp;quot;ya sure you got us a 100x return on investing in Facebook in 2006, but if you woulda kept your position when it IPO&amp;#x27;d, it woulda been a 500x position&amp;quot;.&lt;p&gt;The market is driving this decision - there really isn&amp;#x27;t anything magical or bold about this.</text><parent_chain></parent_chain></comment><story><title>The Sequoia Fund: Patient capital for building enduring companies</title><url>https://medium.com/sequoia-capital/the-sequoia-fund-patient-capital-for-building-enduring-companies-9ed7bcd6c7da</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>rdli</author><text>With the amount of capital available, no question that many companies that would have IPO&amp;#x27;d years ago are electing to stay private (hello, Stripe!).&lt;p&gt;The cynic in me says: this is great marketing, because the best Sequoia fund is the early stage fund (always oversubscribed) and now as an LP you can&amp;#x27;t invest in just the early stage fund. (But the reality is I bet they forced early stage fund LPs to invest in their growth vehicles anyway, so there is no material change other than marketing. Which is very good.)</text><parent_chain></parent_chain></comment><story><title>The Sequoia Fund: Patient capital for building enduring companies</title><url>https://medium.com/sequoia-capital/the-sequoia-fund-patient-capital-for-building-enduring-companies-9ed7bcd6c7da</url></story>