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 Masters 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]

Personal life

Leone is married to Patricia Perkins-Leone. The couple have four children, and live in Atherton, California.[1][15] 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.[15]

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. "Supreme Court Rejects Takings Claim Of Landowner Against Maui County". environment-hawaii.org. 1 November 2017. Retrieved 1 February 2018.


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