Jeff Wang, Managing Partner at Sequoia Capital Global Equities, compares the distinct strengths of legendary Sequoia partners Doug Leone and Michael Moritz.
“I think Doug probably has a better nose for enterprise talent and Michael for consumer talent.”
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More from Jeff Wang
Disclosure
Wang: SCGE goes long Nvidia and shorts moatless server hardware stocks
“We can go long NVIDIA and then we can short a bunch of the companies that I think don't have the depth of modes that NVIDIA has.”
Jeff WangOct 9, 2024▶ 54:21Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
Disclosure
Wang: Chinese companies have become less transparent over time
“It is, it has been more difficult for us to say invest in Chinese companies. And it's not just the macro, right? It's. It's these companies have been become less transparent with us over time.”
Jeff WangOct 9, 2024▶ 58:21Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
Opinion
Wang: Google faces more threats today than ever before in its history
“I do think there are more threats on Google's business than there have been ever in the company's history.”
Jeff WangOct 9, 2024▶ 0:00Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
Insight
Wang: Only trim stocks when valuations get 18 months ahead of fundamentals
“I tell my team, don't tell me if, you know, ServiceNow is 10% too expensive. If we have a three to five year investment hold period, you know, 10%, if you get six months ahead yourself in terms of the pricing, it's not going to impact your IRR that much. Where…”
Jeff WangOct 9, 2024▶ 16:49Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
AssertionSupported
Wang: Hedge fund crossover 'tourists' have been wiped out of private markets
“Over the last few years, there have been a lot of tourists, as you know, a lot of tourists mostly on the hedge fund side who've dabbled in private markets and they've gotten burned. Those tourists are out of the market. We don't see them anymore.”
Jeff WangOct 9, 2024▶ 21:11Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
Insight
Wang: VC partners dictating public fund investments guarantees failure
“Now, when I speak to other VCP funds that reached out to me over the years to get advice about launching a similar effort They almost never want to give up control. They want to dictate the investing. And I just don't think that's a recipe for success.”
Jeff WangOct 9, 2024▶ 39:48Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings
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