Why Is It a Bribe to a Seed Investor?

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In silken valley, they say, why does this person deserve this money? That's why we have the level of enthusiasm for these companies. And and what you're saying here is, with these secondary offerings, we've seen situations where the founder says, you know it, ok, there's 20 million dollars to be had. It should be fair. These two things should be separatedthat wouln't that be a much better practice?"

"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.