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Sequoia Capital (Part 1)
Acquired
I'm Building a Great Company With You Right Now
Investors in the past had a philosophy of backing founders and letting them run the company, believing in their ability to lead. They were willing to replace founders if needed to maximize the company's potential. The approach included owning a significant stake in the company, having the right to buy more, and the authority to replace the CEO if necessary. This strategy aimed at building a successful company, potentially outlasting the founder's leadership. This philosophy implied that management could be augmented or replaced to ensure the company's success, indicating a focus on building a great company regardless of who leads it.
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