The Ledger, every show

“It turned out the rule of step down, Pat and Alfred took over. They weren't the kings I chose, and 30 days into it, they came to my house, and they said, would you like to come back?”

“I came back from vacation over the weekend. I saw a memo. I won't tell you the name of a startup company that wants to raise money without anything at ten billion pre.”

“Yeah, it's SpaceX. Now, we haven't cashed out yet or whatever, but, you know, there's a shot of a twenty billion dollar gain or more, and so he ruined it for all of us.”

“You know, I really haven't lost an investment in 30 years in Silicon Valley. People have beaten me because of price, but I haven't lost otherwise.”

“We're going to overestimate it in the short term. We're going to invest in everything in the same way that in 1999, we invested in everything.”

“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.”

“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…”

“I remember when I was made a partner at Sequoia, I was down to zero money. I actually, I have never said that to anybody, but there was a time in my first month where I became a partner that I was homeless. I slept in my car for a week. I showered at 3000 Sand…”

“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.”

“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…”

“And you know, we own 20% of NVIDIA. Think about that. I mean, you know, we own 10% of Google. And there's many others, you know. Apple. Are you kidding me? We were the first investor of Apple, in Apple. Cisco. We own a quarter of Cisco systems.”

“We sold our Cisco shares for cash for the total gain of ninety million. We owned a quarter of Cisco systems.”

“We don't use the word junior. We even call, in the U.S., associates. We even call them partners.”

“Most of the investors at Sequoia grew up in very modest means.”

“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.”

“70% of our capital comes from nonprofits, charities, so I never thought of it as a game.”

“How many of distributions I push for at ServiceNow? I left a 10 Xer on a table.”

“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…”