This Week in Startups Doug Leone of Sequoia Capital: global growth, partnering with legendary companies and the evergreen fund | E1403
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Mar 9, 2022 
Doug Leone, global managing partner of Sequoia Capital, shares insights from four decades in venture capital. He discusses the evolution of venture funding, emphasizing the shift to supporting innovative founders. Leone highlights the impact of secondary share sales on startups and stresses the importance of fairness in equity distribution. He also explores fostering long-term partnerships and mentorship to cultivate the next generation of investors. Additionally, Leone reflects on the significance of adapting to changing landscapes in entrepreneurship and investment strategies.
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Early Venture Capital
- Doug Leone recalls the early days of venture capital, focusing on infrastructure.
- Founders were older, R&D cycles longer, and seed investing was nonexistent.
Avoiding Bad Habits
- Be wary of terms like "founder friendly" and "doesn't matter."
- Bad habits formed in good times will hurt you during market downturns.
Good Governance
- Good governance is crucial for startups, but it's not one-size-fits-all.
- Evaluate board control on a case-by-case basis, considering the founder's maturity and experience.