The value of those shares when they do go public. They tend to do even better when they go public. And so according to a pitch book, sequoi has over 60 funds since 19 81. That seems directly directionally correct to me. If you were to distribute your amazon shares or apple shares when they went public, as opposed to holding them, my lord, that could be a big difference. So i thought i would just explain it to all you folks as best i can imagin if the great companies that sequoi invested in, might own ten %, 20 %, even upwards of 30%.
First, Jason covers Sequoia's VC-redefining transition to an evergreen fund (1:54). He continues Q3 earnings coverage with Robinhood (13:38) and Twitter (21:10). Then, Ryan Breslow from Bolt joins to discuss transitioning to a 4-day work week, open-sourcing their company handbook and running a startup effectively (28:07).