EBay's acquisition offer provided much-needed support and confidence for PayPal's founders

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eBay's acquisition offer gave the speaker's company a sense of security and confidence
The speaker supports founders being able to take secondaries to improve their financial situation
Taking secondaries aligns the interests of the founders and investors
In the past, the concept of secondary offerings was not prevalent
Accepting an acquisition offer was a no-brainer for the speaker in the past
The speaker's financial situation in the past compelled them to accept an acquisition offer

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Today’s show: Roelof Botha joins Jason to discuss the state of VC (3:35), Sequoia’s new series “Crucible Moments” (9:31), and much more!

Time stamps:

(0:00) Sequoia Capital’s Roelof Botha joins Jason

(3:35) The state of the Silicon Valley ecosystem

(8:00) Supergut - Get 30% off with code TWIST at https://supergut.com

(9:31) “Crucible Moments” and their significance

(14:31) Pre-IPO vs. Post-IPO market values

(18:10) Founder ambition and mistakes made during “Crucible Moments”

(22:25) The importance of founders starting narrow and what makes a great VC in tech

(27:20) Coda - Get a $1,000 startup credit at https://coda.io/twist

(28:49) Commonalities between the AI boom and the crypto boom