Lin: Doubling Valuations Halves Fund Shots and Demands Double Conviction
Alfred Lin · Sequoia’s Alfred Lin: Backing Founders Who Redefine Markets · Sourcery with Molly O'Shea · Oct 30, 2025 · at 38:11
Alfred Lin, Partner at Sequoia Capital, explains the quantitative portfolio trade-offs venture investors face when early-stage valuations increase.
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“But if you double the valuation, that means you have half the number of shots that you can deploy. You just have to be twice as good. And so my push for the industry is if you're going to write a check that is twice as large for the, then you need to have twice the conviction.”
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