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The Silicon Valley ecosystem is characterized by high trust and a culture of taking risks, which contributes to its success.
Sequoia has chosen not to build a large organization but to focus on being more effective and productive with technology.
At Sequoia, investment decisions are made by consensus. If one person says no, it doesn't happen. This blew my mind when I first got there.
Many startups are focusing on AI plus verticals, but lack the deep passion and understanding of the problems they're trying to solve.
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.
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.
Every single person at Sequoia feels this enormous burden and responsibility to try to match the performance that we've been known for.
I have tremendous respect for the people who truly understand biotech, a field where I learned the hard way that expertise is crucial.
There's a lot of notoriety about the collapse of the biotech market, with most public biotech companies trading below cash.