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Acquired cover image

Special: Sequoia Capital's Investment Playbook (with Alfred Lin)

Acquired

NOTE

Focus on Endurance, Not Short-Term Gains

Evaluating a company's future potential is crucial in investment strategy, prioritizing long-term prospects over immediate returns. By selecting the right founders and guiding them towards sustainable growth, a deliberate approach allows for a higher as-held multiple compared to distributed net multiples. Distributions occur at a fund's conclusion, yet the intent remains to foster companies with enduring value. Investors retain autonomy over share decisions, as the emphasis lies more on future potential rather than short-term market fluctuations.

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