How much did Sequoia/KPCB make on its investment in Google?

It is hard to tell completely from public documents but both firms owned ~22MM shares at the IPO (Sequoia owned slightly more than Kleiner). Those were worth about $190 each when distributed to LPs in late 2004. That comes out to ~$4 Billion in value (essentially all capital gains). read more

Anon doesn't account for the fact that a large part of KPCB and Sequoia funds are partners' own capital. So taking that into account -- and the fact that most partners hold their shares after distribution and Google traded up to $600 per share within a couple years -- it's likely far more profits were generated on the Google investment. read more

Carried interest is the % of the profits of the fund that an individual partner is entitled to receive. The Kleiner funds that made the investment in Google are reported to give the Kleiner partners a 30% carried interest in the profits of the funds. read more