Douglas Leone

Douglas M. Leone (born July 4, 1957) is an American billionaire venture capitalist and managing partner of Sequoia Capital.

Doug Leone
Born (1957-07-04) July 4, 1957
Genoa, Italy
EducationCornell University (BS)
Columbia University (MS)
Massachusetts Institute of Technology (MS)
EmployerSequoia Capital
Net worthUS$4.4 billion (Forbes January 2020)[1]
Spouse(s)Patricia Perkins
Children4

Early life

Leone was born July 4, 1957, in Genoa, Italy.[2] His family moved to the United States when Leone was 11 and settled in Mount Vernon, New York.[3] Leone earned a Bachelor of Science in mechanical engineering from Cornell University in 1979,[4] a Master of Science in industrial engineering from Columbia University in 1986,[5] and a master's degree in management from the MIT Sloan School of Management in 1988.[3][6]

Career

Leone began his career in sales and management positions at Sun Microsystems, Hewlett-Packard, and Prime Computer.[5][7] He joined Sequoia Capital in 1988, became a managing partner in 1996,[5] and became the global managing partner in 2012.[8] In 2017, Forbes named him a top-10 investor in the technology industry in the United States.[9] He led Sequoia's international expansion into China and India.[10] Leone was responsible for investments including ServiceNow, Aruba, Meraki, Rackspace, Netezza, Arbor/Hyperion, RingCentral and MedExpress. He sits on the board of PlanGrid, NuBank, Medallia, ZirMed, ActionIQ, Numerify, and Lattice Engines.[7][11] In 2017, he was ranked #693 on Forbes list of the World's Billionaires, with a net worth of US$2.9 billion.[1][12] In 2020, he was named on the Forbes Billionaires list with wealth of US$3.5 billion and ranked #538.[13]

Leone and his wife donated $100,000 to support President Donald Trump's 2020 re-election campaign, and Leone was appointed to Trump's task force on re-opening the economy in the wake of the COVID-19 pandemic. The Washington Post reported that Leone proposed using his connections in the Trump Administration to help smooth the sale of TikTok (in which Sequoia had invested heavily) to a US corporation.[14] Leone renounced his support for Trump following the 2021 storming of the United States Capitol.[15]

Personal life

Leone is married to Patricia Perkins-Leone. The couple have four children, and live in Atherton, California.[1][16] They have been seeking to build an oceanfront home in Makena, Maui, Hawaii, but as of November 2017, the Hawaii Supreme Court has ruled against the development.[16]

References
  1. "Forbes profile: Douglas Leone". Forbes. Retrieved 17 January 2020.
  2. "Douglas Leone Story – Bio, Facts, Networth, Family, Auto, Home | Famous Capitalists | SuccessStory". successstory.com. Retrieved 2018-02-23.
  3. George Anders (March 26, 2014). "Inside Sequoia Capital: Silicon Valley's Innovation Factory". Forbes. Retrieved August 24, 2016.
  4. "Cornell University Alumni", "Cornell University", retrieved June 28, 2016.
  5. "Executive Profile: Douglas M. Leone","Bloomberg", retrieved June 28, 2016.
  6. "The 25 Most Successful MIT Business School Graduates" Archived 2016-08-15 at the Wayback Machine, "Business Insider", October 16, 2014, retrieved June 28, 2016.
  7. "Douglas Leone – Global Managing Partner @ Sequoia Capital | Crunchbase". Crunchbase. Retrieved 2018-02-23.
  8. "Doug Leone", "LinkedIn", retrieved June 7, 2017.
  9. "Midas List". Forbes. Retrieved 2018-02-23.
  10. "Forbes Midas List", Forbes, April 6, 2011, accessed April 15, 2011.
  11. "Sequoia Capital", "Sequoia Capital", retrieved June 7, 2017.
  12. "The World's Billionaires". Forbes. Retrieved 2018-02-23.
  13. "The Richest in 2020". Forbes. Retrieved 20 July 2020.
  14. Nakashima, Ellen; Dwoskin, Elizabeth; Stein, Jeff; Greene, Jay (August 8, 2020). "TikTok's fate was shaped by a 'knockdown, drag-out' Oval Office brawl". Washington Post.
  15. Schleifer, Theodore (January 13, 2021). "One of Donald Trump's biggest Silicon Valley backers is renouncing his support". Vox.
  16. "Supreme Court Rejects Takings Claim Of Landowner Against Maui County". environment-hawaii.org. 1 November 2017. Retrieved 1 February 2018.
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