Shaun Maguire and Michelle Bailhe, partners at Sequoia Capital, bring a wealth of experience in crypto investments. They delve into their long-term vision for the crypto industry, discussing how decentralized technology could reshape our lives in the coming decades. The conversation covers the critical distinction between investing in tokens versus the entities behind projects, the balance of venture capital's role in decentralization, and the lessons learned from previous market failures like Terra. They also emphasize the significance of product-market fit and the implications of macroeconomic trends on the crypto landscape.