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20VC: Sequoia's Roelof Botha on His Biggest Lessons Working Alongside Don Valentine, Mike Moritz and Doug Leone, Leading Sequoia's US Business and What Sequoia Do To Retain Their Edge at the Top & The Crucible Moments That Define Startup Success
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
How Did Growing Up in South Africa Impact You?
As a young person, I wanted to assure my future. And so I decided to study actual science and actually became a British qualified actor. In 1998, there was emerging markets currency crisis. And the rand had lost 40% of its value on the eve of my departure for America. So out of necessity, I took the job at PayPal in March 2000. The company raised 100 million at 500 pre at the height of the bubble. We didn't have a great business model at the time. One of the things that clued me into was the risk we ran with fraud.
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