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Adapt or Be Left Behind
The investment industry is experiencing significant disruption from new entrants capable of writing larger checks, prompting established firms to react defensively. Rather than simply complaining about these competitors, firms are encouraged to reassess their strategies and consider adapting to current trends. The response to challenges can lead to innovation, as demonstrated by Sequoia Capital's hiring of new marketing specialists to enhance their appeal to younger founders. Acknowledging the innovation brought by competitors and addressing it constructively is essential in maintaining relevance and competitiveness in a rapidly changing market.