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Silicon Valley's high-trust environment allows for investments based on handshakes and minimal documentation, fostering rapid innovation and collaboration.

In 2022, we launched the Sequoia Capital Fund to keep shares of companies that have the ability to compound longer term. This decision led to $6.7 billion in gains that our LPs would not have seen otherwise.

Sequoia has chosen not to build a large organization but to focus on being more effective and productive with technology.

We have this benefit of intergenerational knowledge transfer at Sequoia, where experienced leaders like Doug and Michael still provide guidance without having the authority to dictate actions.

We don't have the expertise for biotech at Sequoia, and it's very dangerous to assume success in one domain translates to another without the right knowledge.

The Sequoia Scouts program was conceived in 2010 to provide capital for contemporary founders who didn't yet have the money to invest in companies. It led to investments in Uber and Stripe, with the fund now at 26X.

Sequoia is the most sought-after name in the venture capital business. The firm has made over a thousand investments, now worth in the trillions in public market value.

Silicon Valley's high trust environment allows for investments based on handshakes and minimal documentation, fostering rapid business development and innovation.

Every single person at Sequoia feels this enormous burden and responsibility to try to match the performance that we've been known for.

Good boards are meant to be independent. One of the first things I demand in every board is executive session where the CEO leaves the room and you talk about how the CEO is doing.