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5: Transforming Venture Capital

Onward, a Fundrise Production

CHAPTER

VCs - What's Your Approach?

Marketing is one of the two most valuable things in a company, according to Cambridge Associates. We think we do have some interesting assets to bring to bear at Sequoia. I'm a skeptic of when the VCs replace the CEO. Uber's valuation has been flat since Bill Girley replaced the CEO of Uber and they went from zero to 50 billion. If you look at the compounding benefits of high returns, it's way better to stay in.

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