3min chapter

Acquired cover image

Adapting Episode 2: Sequoia’s Black Swan Memo (with Roelof Botha)

Acquired

CHAPTER

Is There a Climate Affecting Deployment?

In 2008, our investment pace had actually slowed down on the first half of 2008 before Lehman happened. And then we accelerated in 2009. So I don't know if you've ever done a driving course, but I went to one once on a Formula One racing track. The thing that they taught me is you break as hard as you can while the car is going straight before you get to the corner. And then you have to figure out how to accelerate at the right point at the apex out of the corner so that you can sprint ahead. That's exactly what we want to apply for our companies and for ourselves.

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