Doug Leone

I have zero carry in new funds. If I make an investment, I'll get some carry. It's in the hands of this generation who are extremely motivated because they're the owners. They think creatively. They can move. It is their partnership. I have no management, no ownership in a management company, zero. And I ran Sequoia, co-ran it with Mike since 1996, and I ran it since 2012 on my own.

I have zero carry in new funds. If I make an investment, I'll get some carry. It's in the hands of this generation who are extremely motivated because they're the owners. They think creatively. They can move. It is their partnership. I have no management, no ownership in a management company, zero. And I ran Sequoia, co-ran it with Mike since 1996, and I ran it since 2012 on my own.

And I have zero ownership in a management company. I'm a partner in 28 funds. That's plenty. And the pride, at least in my case, of knowing that the next generation, young, they want it the same way I wanted it. They can make money the same way I made money and have a right to greatness. If they execute, it's the biggest thrill for me.

And I have zero ownership in a management company. I'm a partner in 28 funds. That's plenty. And the pride, at least in my case, of knowing that the next generation, young, they want it the same way I wanted it. They can make money the same way I made money and have a right to greatness. If they execute, it's the biggest thrill for me.

We disagreed a lot. Keep in mind, Mike is a very introspective Brit, strategic. And I am a gregarious Italian. And I am more, let's take the hill. When Mike and I were in business, while we were peers, it was effective CEO and I was effective COO. And Mike might point the hills and I'd go execute. Now, China and India were my ideas too, so it wasn't black and white.

We disagreed a lot. Keep in mind, Mike is a very introspective Brit, strategic. And I am a gregarious Italian. And I am more, let's take the hill. When Mike and I were in business, while we were peers, it was effective CEO and I was effective COO. And Mike might point the hills and I'd go execute. Now, China and India were my ideas too, so it wasn't black and white.

And I would tell you honestly that 70% of the time we did what Mike did. But there were 20, 30% of the time that I said no freaking way. And Mike might say, with retrospect, Doug held me back. And with retrospect, I'd say I kept Mike out of trouble for some things. And I think the truth is somewhere in between. But we were very different cats, and we survived, and we excelled.

And I would tell you honestly that 70% of the time we did what Mike did. But there were 20, 30% of the time that I said no freaking way. And Mike might say, with retrospect, Doug held me back. And with retrospect, I'd say I kept Mike out of trouble for some things. And I think the truth is somewhere in between. But we were very different cats, and we survived, and we excelled.

We made it up as we went along. We had guts the like of which you've never seen. We were killers. I want to make sure you know that. We were killers. Not killers to make the most money, killers to get the job done with one another from 96 to 2012. And so it worked. Mike and I are friendly, but we're not friends. I don't go to have dinner with Mike.

We made it up as we went along. We had guts the like of which you've never seen. We were killers. I want to make sure you know that. We were killers. Not killers to make the most money, killers to get the job done with one another from 96 to 2012. And so it worked. Mike and I are friendly, but we're not friends. I don't go to have dinner with Mike.

If I see Mike, you know, hey, Mike, what's going on? We'll have a drink together kind of thing. But we're not buds. We're just two different characters. And that's just the honest assessment. I respect them a great deal. How do you suss out the killer gene in somebody? You look what they've done. Have they taken risks in life early on? Have they put their guts on the line?

If I see Mike, you know, hey, Mike, what's going on? We'll have a drink together kind of thing. But we're not buds. We're just two different characters. And that's just the honest assessment. I respect them a great deal. How do you suss out the killer gene in somebody? You look what they've done. Have they taken risks in life early on? Have they put their guts on the line?

I tell candidates or children that it's okay if you choose a parallel track life, i.e. you want to become a banker or a consultant, and it's okay if you want to take risks. What's not okay is do one and always spend your life thinking you did the other. And the killer gene for me is stay away from the parallel tracks. Just put yourself out there with no net.

I tell candidates or children that it's okay if you choose a parallel track life, i.e. you want to become a banker or a consultant, and it's okay if you want to take risks. What's not okay is do one and always spend your life thinking you did the other. And the killer gene for me is stay away from the parallel tracks. Just put yourself out there with no net.

And usually people that are a little desperate in life, that only have one way to go and that's up or forward, they tend to have the killer gene. And I've also come to learn that I call American competitors. I'm an immigrant. I didn't know about this athletic, go to college. Schools in Europe don't work like that.

And usually people that are a little desperate in life, that only have one way to go and that's up or forward, they tend to have the killer gene. And I've also come to learn that I call American competitors. I'm an immigrant. I didn't know about this athletic, go to college. Schools in Europe don't work like that.

But these American kids that have this inbred competitiveness, sometimes brought to sports, sometimes brought by family reasons, that I never knew existed with my Italian brain, but I've certainly learned to appreciate with my American brain.

But these American kids that have this inbred competitiveness, sometimes brought to sports, sometimes brought by family reasons, that I never knew existed with my Italian brain, but I've certainly learned to appreciate with my American brain.

I'm on record. It was abusive. Keep in mind that I didn't go to high school. Oh, don't use that word. It was the high school that it would not be unusual for someone to pick you up in lunch and throw you upside down into a garbage can. And you certainly didn't go complaining to a teacher. And I happened to have to high school that had knives and guns. We were ahead of our time.

I'm on record. It was abusive. Keep in mind that I didn't go to high school. Oh, don't use that word. It was the high school that it would not be unusual for someone to pick you up in lunch and throw you upside down into a garbage can. And you certainly didn't go complaining to a teacher. And I happened to have to high school that had knives and guns. We were ahead of our time.