Legendary VC firm Sequoia just released the memo for its Apple bet in 1977 — and it shows how far the iPhone maker has come

Sequoia Capital has shared a relic of business history that centers on Apple and Steve Jobs.

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• Sequoia Capital published founder Don Valentine's memo for his Apple investment in 1977.
• The VC firm shared it to mark the 50th anniversary of Apple's founding on April 1, 1976.
• "Leading company in a hot biz … $600k buys 10% — very rich deal, management questionable," it reads.

A legendary venture capitalist sealed...