I'll say this: I can't think of one instance in my 20 years in venture capital in which I have wanted to sell a company before the entrepreneur.
From Douglas Leone
Give me an entrepreneur with a lot of courage, gusto and who iterates rapidly, and I will back that person day in and day out.
I was working on boats as a teenager, sweating like a pig during a summer job.
During dark times, real entrepreneurs come out. They are not competing with 10 look-alike companies for engineering talent, so it's a great time to invest and help build companies.
We look at the number of engineers coming out of India; we look at the growth of the economy, and it's clear that India is a place we want to be.
If you start a successful company in China at 11 A.M., by 2 P.M. there's three more companies like it.
We like companies that can get big and powerful on $50 million or less and not two, three, four or five billion.
We have co-opted seed funds. You know, Y Combinator, that was completely our money. We have secret handshakes with a whole bunch of people. Very dangerous, because word gets out that so-and-so's money is Sequoia's money, that would not be a good thing.
You have to be willing to risk things; otherwise, somebody else will put you out of business.
In a globalized world, one application can spread like wildfire and there's only one winning company, which means you have to invest more than you've ever had.
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