The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Leone: Broad late-stage venture investing will cause severe investor losses
“As you move down the funnel, venture, growth, pre-IPO, the checks get larger. The valuations get a lot higher. And the further down you come, the better you have to get up picking them. And if you go broad there, you're going to get stung.”
Leone: Sequoia portfolio companies have created $6.5 trillion in market value
“We have been responsible somewhere around six and a half trillion of partnering opportunity, meaning the companies with which we partner have generated six and a half trillion of market cap. About a quarter of the NASDAQ, God knows how much of the NYSE in Hong…”
Leone: Sequoia partners frequently ask to reduce their own compensation
“I've been in more meetings in my 30 years at Sequoia in people asking for less compensation rather than more, so we can spread it around to other people.”
Leone: Sequoia had to aggressively intervene in every entity at least once
“In every line of business, whether it's China, India, Southeast Asia, our hedge fund, a multi-family office called Heritage, we've had to go in and effect change as Once. So it wasn't that we got it so perfect from the beginning. So we had to go in aggressivel…”
Leone: Sequoia US calls associates 'partners' and avoids junior titles
“We don't use the word junior. We even call, in the U.S., associates. We even call them partners.”
Leone: Most Sequoia investors grew up in modest means
“Most of the investors at Sequoia grew up in very modest means.”
Leone: Sequoia once stripped portfolio company posters to force humility
“We have gone as far as taking all the posters from our companies away from conference room once upon a time and say, let's act like we've done nothing.”
Don Valentine Hired Doug Leone for Customer-In Business Perspective
“And I think what Don noticed that he had someone who was a missile, back then I'd say an unguided type of missile, but someone who had the courage to The humor, and from his point of view, who looked at business from the customer in, not from the technology ou…”