limited partner

“If I was an LP of Sequoia, I would want the money back. And the reason is I'm not sure that Sequoia can compound money in the public markets anywhere near what I could.”

“When you're trying to raise AUM, your customer is not the company. It's your customer is the LP.”

“I've never heard of an LP like browbeating GPs to get their marks right. Like, especially on the downside. Never heard of that ever.”

“When people do the calculations on what the true alpha of venture capital is, they're going to come back with answers like this, which is, it's not that great. And I do think it will impact how limited partners have an appetite To give all of us, or you guys, …”

“And I'd say, two thirds of the meetings I'm having, people are saying, we're not adding managers, we're cutting managers, and we're cutting commitments to managers, but we'd love to meet, you know, just to start the relationship, you know.”

“If we don't get these companies to go public in my opinion, we are as an industry gonna have to face really hard questions with the ultimate funders of our industry, who, by the way, are not our funds, but are the investors in our funds, right? And eventually,…”

“Having a killer fund has zero correlation with your ability to then have a next killer fund as an LP.”