4min chapter

Acquired cover image

Sequoia Capital Part II (with Doug Leone)

Acquired

CHAPTER

Founders Come First, Limit Partners Come Third

The vast majority of the magnitude of gains of returns happen post post IPO. We learned that a public investment vehicle would help us many ways, including how to look at these companies retrospectively. A major takeaway is a lot of firms took the specialization route where they say we're purely Series A and they stay smaller. But what Sequoia said was, "We're just going to grow with the company the entire life cycle"

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