20VC: The Sequoia Investment Process | Investing Lessons from Doug Leone, Roelof Botha & Alfred Lin | Sequoia's Framework for Analysing Founders | The True Benefit of Having Sequoia on a Cap Table & Sequoia's Biggest Threat with Pat Grady
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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VC value chain
The value chain of venture capital comprises five key stages: sourcing, picking, winning, building, and harvesting. In the sourcing stage, achieving an 8 or 9 out of 10 indicates a strong presence in identifying promising opportunities, despite the inherent challenges in early-stage detection due to varied origin points of founders. In the picking stage, the effectiveness is rated around 6 out of 10, reflecting the difficulties in making sound investment decisions amidst the uncertainties prevalent in the industry. This highlights the complexity of successfully evaluating potential investments, even when operational practices in sourcing are strong.
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