Its venture capital backers include the Sequoia Fund, Bain Capital and Greylock Partners.

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Last year the Sequoia Fund, where Lowenstein has been a Director for the last twelve years, decided to divest its heavy holding of Berkshire Hathaway stock.

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Venture capital firms, such as Kleiner Perkins, Sequoia Capital and the Mayfield Fund, began to sprout like poppies.

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