Michael Moritz, every mention

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Verbatim, from the transcripts: the passages where Michael Moritz comes up

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▶ 1:19:39 David Rosenthal There's a great Michael Moritz quote in Steven Levy's book talking about this particular moment in time.
▶ 1:19:47 David Rosenthal It's a very Sir Michael way of putting things.
▶ 1:19:50 Ben Gilbert That's a deliciously Michael quote, yes.
▶ 1:20:00 David Rosenthal Famously, Kleiner and Sequoia end up splitting the deal, and Michael Moritz and John Doerr, the two most legendary VCs in the world, they team up, they join forces, they split the deal, and they both join the board of Google at the Series…
▶ 1:20:43 Ben Gilbert Well, they held a press conference in person with both Sir Michael and John Doerr there.
▶ 1:21:01 David Rosenthal It may have been the first one that Michael and John split together, but, like, they had been on boards together before.
▶ 1:21:46 David Rosenthal And remember, Larry's older brother had co-founded eGroups, which Moritz had funded at this point.
▶ 1:24:46 Ben Gilbert So the quote is from Sir Michael Moritz.
▶ 1:25:06 David Rosenthal Apparently, it was not Sir Michael who said it first.
▶ 1:42:13 David Rosenthal My favorite story from the whole Google CEO hiring process was sort of the standard playbook here that John and Mike and Sequoia Kleiner would run with founders when

▶ 1:38:15 David Rosenthal I feel like there's an old, um, Sequoia saying, or at least a Mike Moritz saying, that recessions are the best time to innovate.

▶ 1:13:20 David Rosenthal Sir Michael Moritz is on the board of the company.
▶ 1:35:47 David Rosenthal Were there any other deals like this that you could even kind of point to as a comparable from the past, and the only one I can think of was the Google Series A, which was twenty-five million dollars at a one hundred million dollar…
▶ 1:36:16 David Rosenthal Legend has it, I don't know if this is apocryphal or not, is that after making the investment, Moritz told Don Valentine at Sequoia, never have we paid so much for so little.
▶ 1:36:26 David Rosenthal And I think he was actually referring to like the small amount of equity that they got by having to split the deal in Google.

▶ 55:06 David Rosenthal This is the Mike Moritz thesis of every successive generation of technology should be bigger outcomes.

▶ 51:59 Jason Calacanis Well, Michael Morris used to call me the mouth from the south, because they had like two investments in LA.
▶ 52:08 David Rosenthal Sir Michael saying that.
▶ 1:49:49 Jason Calacanis I want to be Mount Rushmore for all investors, so when you guys do your thing in 1020 years, and it's like, okay, you know, here's Doug Leone and Moritz, and, you know, uh, here's, you know.
▶ 1:55:23 Jason Calacanis But then you have Doug, Leone, uh, Mike Moritz, and Valentine.
▶ 2:03:51 Jason Calacanis Yeah, so Ruloff does Doug, or whoever does Moritz.
▶ 2:03:56 Jason Calacanis Sean Parker does Moritz.
▶ 2:03:59 David Rosenthal Mike chooses who, you know.
▶ 2:04:13 Jason Calacanis Doug and Mike.

▶ 11:15 David Rosenthal I mean, it was crazy when John and Mike Moritz did Google at a hundred million dollar valuation in the Series A, you know, that was earth changing.
▶ 51:13 David Rosenthal I mean, Mike Moritz is great.
▶ 51:15 David Rosenthal Like he's wonderful, but a big part of what started to make Mike Moritz, Mike Moritz was.
▶ 51:20 David Rosenthal He wasn't Mike Moritz before he did Yahoo and Benchmark wasn't in the picture then.
▶ 1:06:12 David Rosenthal Benchmark splits the deal with Mike Moritz at Sequoia.
▶ 1:06:20 David Rosenthal Moritz and Byrne join the board.
▶ 2:00:50 David Rosenthal Don Valentine was the CEO, and then Mike Moritz was CEO, and Leonie was COO.
▶ 2:01:00 David Rosenthal Yes, there was someone who could make a call who could say, I'm taking time, as Doug talked about on our episode with him, Mike and I are taking time, we are going to travel to China, and we are going to go find the right partners for us…
▶ 2:23:35 David Rosenthal Would they have beaten Mike Moritz for Google?

▶ 2:26:18 David Rosenthal I couldn't figure out what it was, but the Series A that would happen shortly thereafter of Google famously split between John Dora Kleiner and Mike Moritz at Sequoia was at a hundred million dollar post-money valuation, which was insane…
▶ 2:26:33 Ben Gilbert And Mike Moritz came in and told Doug Leone, as Doug told it on our interview with him, even after making this investment, he's looking at Google and goes, we've never paid so much for so little.

▶ 14:31 Ben Gilbert And so we call this lesson the Mike Moritz Corollary to Moore's Law.
▶ 14:38 Ben Gilbert Around the time that Mike Moritz and Doug Leone took over running Sequoia Capital from Don Valentine, Mike looked back on the performance of the past couple of Sequoia funds,
▶ 15:57 David Rosenthal But I think this is, like, this insight that, that Mike had originally of, like, oh, as long as Moore's Law holds, yeah, there'll be ups and downs in the market, like we've observed in the past year, but technology should always be able to…

▶ 36:44 David Rosenthal The Mike Moritz style.
▶ 36:47 David Rosenthal I think Don Valentine said Mike Moritz and Steve Jobs were the two best question askers I ever met.

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