Tencent generates tens of billions in annual free cash flow and operates an internal investment arm (a 'sequoia fund on steroids') that deploys this capital into private deals at companies that have achieved certain milestones, avoiding large stakes to preserve optionality, with a track record of investing in 15-20+ unicorns and matching or exceeding the returns of top-tier venture capitalists.

factualpending

Speaker

Manish Pabrai

Evidence Quote

inside tencent is what I would call a sequoia fund on steroids... track record of that engine can go up against the best venture capitalists it's extremely good... they've invested in 15 or 20 unicorns

Source

Virtual Value Investing Q&A Speaker Series Event at Brown University with Mohnish PabraiValue Investing Q&A Series Brown University
Created: 8/11/2026, 1:53:00 AM

My Notes

Loading notes...