Invest Like the Best with Patrick O'Shaughnessy cover image

Invest Like the Best with Patrick O'Shaughnessy

Roelof Botha - Sequoia’s Crucible Moment - [Invest Like the Best, EP. 250]

Nov 5, 2021
Roelof Botha, a partner at Sequoia Capital, reveals the firm's groundbreaking transformation into The Sequoia Fund, signaling a shift away from traditional VC structures. He shares insights from his career, including his experiences at PayPal, Square, and YouTube. The conversation explores the evolution of venture capital, the changing dynamics of entrepreneurship, and the significance of embracing long-term growth strategies. Botha also reflects on the vital differences in business mindsets and the importance of adaptability in today’s fast-paced market.
01:09:01

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Quick takeaways

  • Sequoia Capital shifts to an open-ended fund for enduring support of outlier founders.
  • Embracing patient capital post-IPO enhances value creation and sustains long-term company success.

Deep dives

Innovative Venture Capital Restructuring at Sequoia: A Permanent Structure Now Sequence Fund

Sequoia Capital, a renowned venture firm, made a significant shift from traditional fund cycles to an open-ended, permanent structure named Sequence Fund. This change aims to adapt to the evolving venture landscape, allowing for a more flexible and enduring approach to investment. By moving away from the conventional VC model, focused on fund cycles, Sequoia Fund aligns better with the long-term vision of supporting outlier founders and legendary companies.

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