Assertion certainty 4/5 debate potential 1/5

Reed: Doug Leone Made a $3B Gain on the Wiz Deal

Andrew Reed · Andrew Reed on Sequoia and How to Be a World-Class VC · Mar 28, 2025 · at 1:25

Sequoia partner Andrew Reed comments on the returns generated by fellow Sequoia partner Doug Leone following the announced acquisition deal for cybersecurity startup Wiz.

0:00 / 0:08exact quote · 8.4s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I think on Wednesday of last week was in the whiz deal was announced. And, you know, yet another three billion dollar gain for Doug Leone.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Andrew Reed

Disclosure
Sequoia Acts as Cutthroat 'Front Stabbers' for Maximum Round Allocation
“Sequoia, you know, we are as cutthroat as it gets, right? Like we are front stabbers, you know, we'll, we'll, like, we don't hide that in general we want to do usually as much of a round as we possibly can.”
Andrew Reed Mar 28, 2025 ▶ 21:03 Andrew Reed on Sequoia and How to Be a World-Class VC
Insight
Fund Returns Are Inversely Proportional to Team and Fund Size
“Doug has this presentation, he calls it the laws of physics, where one of the laws of physics is that fund returns are inversely proportional to team size, and also fund returns inversely proportional to fund size.”
Andrew Reed Mar 28, 2025 ▶ 22:22 Andrew Reed on Sequoia and How to Be a World-Class VC
Assertion Contradicted
Reed: Sequoia Capital Global Equities is largest TMT hedge fund
“Sequoia Capital Global Equities, which is, I think at this point, the largest TMT long short hedge fund in the world.”
Andrew Reed Mar 28, 2025 ▶ 9:51 Andrew Reed on Sequoia and How to Be a World-Class VC
Insight
Formulaic Playbooks Create the Worst Tech Board Members
“A paint by numbers approach to anything in technology and anything in investing is bad. And I think the worst board members tend to try to be the people who come in and take the reins and run their play, run that company through their playbook because playbook…”
Andrew Reed Mar 28, 2025 ▶ 13:13 Andrew Reed on Sequoia and How to Be a World-Class VC
Opinion
Reed: Silicon Valley is ethical; bad behavior comes mostly from outsiders
“By and large, people are, like, good and ethical in the Valley. Like, it's a pay it forward place. It's a repeat game. I think there's a reason why a lot of the, you know, bad behavior comes from people who aren't from Silicon Valley.”
Andrew Reed Mar 28, 2025 ▶ 20:41 Andrew Reed on Sequoia and How to Be a World-Class VC
Insight
Reed: Prior experience cannot prepare investors for VC's multifaceted demands
“It sort of doesn't matter at all what you did before, because nothing you do before joining a venture capital firm prepares you for how truly, like, multifaceted long-term success is in venture.”
Andrew Reed Mar 28, 2025 ▶ 23:25 Andrew Reed on Sequoia and How to Be a World-Class VC
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 500 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.