As a longtime venture capitalist in Silicon Valley, billionaire Mark Stevens ended up owning more tech stocks than anything else–primarily because that’s what he and his partners at Sequoia Capital invested in over the two decades he spent there, through 2012. The firm backed the likes of Oracle, Cisco, Google, Yahoo and LinkedIn. So Stevens, who was worth $2.7 billion on the 2018 Forbes 400 list, has been working to diversify his holdings out of tech.
“If we do have a tech recession, there could be a 30% to 40% hit. I’ve tried to diversify into healthcare, energy—fossil fuel as well as alternative—multifamily real estate and senior housing,” he says. “Over time I’m trying to build a family-office portfolio that looks a lot like an endowment.” He’s also put money into some European funds and retails funds.
Read more starting at ‘What about the idea of a tech recession? Stevens doesn’t expect one’ at….
Silicon Valley Billionaire Mark Stevens On Investing To Protect Against A Tech Recession