The Cap Table Is a Little Broken Here

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Don was shrewd, tough, diabolical. He saw what happened at other venture firms where the founding father stood around too long and continued to take ecqquithy. And he decided he did not want to do that, and he turned the partnership to a whole bunch of young investors. Don never spoke up unless asked; one never offered opinions unless asked. I don't want to be the person that people run to when they don't like the answer for the current leader. So it was an evolution of a man from a tough semi conductor, 19 70, you know, two by fours set to something more akin to what the nineties have required. Later on,

"Sequoia Capital is the greatest venture capital firm of all time. It's indisputable." - Jason

Jason chats with Sequoia's Doug Leone, a leader who shepherded the firm for four decades. They discuss great founders, governance, Sequoia's global expansion, mentoring the next generation of investors and more.

(00:00) Jason intros today’s legendary interview w/ Doug Leone of Sequoia Capital
(01:14) When Doug Leone got his start
(11:00) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(12:23) The impact selling secondary shares has on founders
(15:43) “The founder’s job is to make the receptionist rich”
(21:14) First Republic Bank - Discover what a long-term financial relationship can do for you. Visit https://firstrepublic.com/startup today to learn more.
(22:15) Mentoring the next generation of investors
(30:51) Linode - Apply to their Rise program for founder-led, early-stage startups and get 3 years of discounts at https://linode.com/twist.
(31:58) Sometimes incredible companies make the founder
(34:07) The greatest founders Doug has worked with
(46:30) Providing companies with a running start, but not doing too much
(53:10) Investing in China
(57:15) Entrepreneurship in Europe
(01:11:06) “Hope is not a plan. Let’s make a plan.