Donald Thomas Valentine (June 26, 1932 – October 25, 2019) was an American

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...

ist who concentrated mainly on technology companies in the United States. He had been referred to as the "grandfather of

Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo Cou ...

venture capital". The

Computer History Museum The Computer History Museum (CHM) is a museum of computer history, located in Mountain View, California. The museum presents stories and artifacts of Silicon Valley and the information age, and explores the computing revolution and its impact o ...

credited him as playing "a key role in the formation of a number of industries such as semiconductors, personal computers, personal computer software, digital entertainment and networking."

Career

Valentine grew up in

the Bronx, New York The Bronx () is a borough of New York City, coextensive with Bronx County, in the state of New York. It is south of Westchester County; north and east of the New York City borough of Manhattan, across the Harlem River; and north of the New York ...

, was Catholic, and came from a family with Danish background. He went to

Mount Saint Michael Academy Mount Saint Michael Academy is an all-boys' Roman Catholic high school in the Wakefield neighborhood of the New York City borough of the Bronx. The school's campus also borders the city of Mount Vernon in neighboring Westchester County and is ad ...

. After graduating with a B.A. from

Fordham University Fordham University () is a private Jesuit research university in New York City. Established in 1841 and named after the Fordham neighborhood of the Bronx in which its original campus is located, Fordham is the oldest Catholic and Jesuit un ...

, Valentine began his career as a sales engineer at

Raytheon Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitali ...

. He was in the position for less than a year before moving on to

Fairchild Semiconductor Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. Founded in 1957 as a division of Fairchild Camera and Instrument, it became a pioneer in the manufacturing of transistors and of int ...

, where he built up the sales force for seven years. He left and joined

National Semiconductor National Semiconductor was an American semiconductor manufacturer which specialized in analog devices and subsystems, formerly with headquarters in Santa Clara, California. The company produced power management integrated circuits, display dr ...

, working as a senior sales and marketing executive. In 1972, Valentine founded venture capital firm

Sequoia Capital Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total ...

. Initially, the company focused on early venture investments with small, risky tech companies. Sequoia's first investment was in

Atari Atari () is a brand name that has been owned by several entities since its inception in 1972. It is currently owned by French publisher Atari SA through a subsidiary named Atari Interactive. The original Atari, Inc., founded in Sunnyvale, Ca ...

in 1975 before the company was sold for $28 million to

Warner Communications Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States. It was originally established in 1972 by ...

. Sequoia was one of the original investors of

Apple Computer Apple Inc. is an American multinational technology company headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue (totaling in 2021) and, as of June 2022, is the world's biggest company ...

and

after Valentine met

Steve Jobs Steven Paul Jobs (February 24, 1955 – October 5, 2011) was an American entrepreneur, industrial designer, media proprietor, and investor. He was the co-founder, chairman, and CEO of Apple; the chairman and majority shareholder of Pixar; ...

when he was a line engineer for Atari, and in 1978, Sequoia invested $150,000 in Apple Inc. Sequoia Capital has also made early investments in companies including

LSI Logic LSI Logic Corporation, an American company founded in Milpitas, California, was a pioneer in the ASIC and EDA industries. It evolved over time to design and sell semiconductors and software that accelerated storage and networking in data cente ...

Oracle Corporation Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. The company sells da ...

Cisco Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

Electronic Arts Electronic Arts Inc. (EA) is an American video game company headquartered in Redwood City, California. Founded in May 1982 by Apple employee Trip Hawkins, the company was a pioneer of the early home computer game industry and promoted the ...

Google Google LLC () is an American Multinational corporation, multinational technology company focusing on Search Engine, search engine technology, online advertising, cloud computing, software, computer software, quantum computing, e-commerce, ar ...

YouTube YouTube is a global online video sharing and social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by Google, and is the second mo ...

and many others. Valentine was a chairman of

NetApp NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in San Jose, California. It has ranked in the Fortune 500 from 2012–2021. Founded in 1992 with an IPO in 1995, NetApp offers cloud data service ...

and Traiana. He served on the boards of many other technology companies including

Apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple trees are cultivated worldwide and are the most widely grown species in the genus '' Malus''. The tree originated in Central Asia, where its wild ancest ...

C-Cube C-Cube Microsystems was an early company in video compression technology as well as the implementation of that technology into semiconductor integrated circuits and systems. C-Cube was the first company to deliver on the market opportunity prese ...

Cisco Systems Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

Linear Technology Linear Technology Corporation was an American semiconductor company that designed, manufactured and marketed high performance analog integrated circuits. Applications for the company's products included telecommunications, cellular telephones, ne ...

Microchip Technology Microchip Technology Inc. is a publicly-listed American corporation that manufactures microcontroller, mixed-signal, analog and Flash-IP integrated circuits. Its products include microcontrollers ( PIC, dsPIC, AVR and SAM), Serial EEPROM ...

Oracle An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. As such, it is a form of divination. Description The word ...

PMC-Sierra PMC-Sierra was a global fabless semiconductor company with offices worldwide that developed and sold semiconductor devices into the storage, communications, optical networking, printing, and embedded computing marketplaces. On January 15, 2016, ...

. Valentine was featured in the documentary film ''

Something Ventured "Something Ventured" is a 2011 documentary film investigating the emergence of American venture capitalism in the mid-20th century. ''Something Venture''d follows the stories of the venture capitalists who worked with entrepreneurs to start and ...

'' which premiered in 2011.

Death

Valentine died on October 25, 2019, at age 87. He is survived by three children and seven grandchildren who all live in the

Bay Area The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area Gov ...

References

External links

Sequoia Capital U.S.

Sequoia website profile
* {{DEFAULTSORT:Valentine, Don American venture capitalists 2019 deaths Fordham University alumni American financial company founders 1932 births American technology company founders American chairpersons of corporations American Roman Catholics American people of Danish descent 20th-century American businesspeople