Jeff Wang

It's just not what you're spending every minute of every day thinking about. It's also really hard to recruit great talent if you watch over and second guess every single investment. But that said, there are also many aspects of running a first-class investment firm that do overlap. So for example, hiring the best talent.

It's just not what you're spending every minute of every day thinking about. It's also really hard to recruit great talent if you watch over and second guess every single investment. But that said, there are also many aspects of running a first-class investment firm that do overlap. So for example, hiring the best talent.

It's just not what you're spending every minute of every day thinking about. It's also really hard to recruit great talent if you watch over and second guess every single investment. But that said, there are also many aspects of running a first-class investment firm that do overlap. So for example, hiring the best talent.

So instead what Michael and Doug did was they were heavily and actively involved contributing through leadership and mentorship. So Michael and Jim Goetz joined our portfolio reviews for the first several years from inception and helped us refine our investment process every week. Doug and Jim have been critical with LP relationships. With recruiting, Ruloff still interviews all our key hires.

So instead what Michael and Doug did was they were heavily and actively involved contributing through leadership and mentorship. So Michael and Jim Goetz joined our portfolio reviews for the first several years from inception and helped us refine our investment process every week. Doug and Jim have been critical with LP relationships. With recruiting, Ruloff still interviews all our key hires.

So instead what Michael and Doug did was they were heavily and actively involved contributing through leadership and mentorship. So Michael and Jim Goetz joined our portfolio reviews for the first several years from inception and helped us refine our investment process every week. Doug and Jim have been critical with LP relationships. With recruiting, Ruloff still interviews all our key hires.

Michael's even come with me to meet public company CEO management teams. We've taken multiple international trips together, including several to China. So they helped inject Sequoia DNA in a way that was very, very valuable for us.

Michael's even come with me to meet public company CEO management teams. We've taken multiple international trips together, including several to China. So they helped inject Sequoia DNA in a way that was very, very valuable for us.

Michael's even come with me to meet public company CEO management teams. We've taken multiple international trips together, including several to China. So they helped inject Sequoia DNA in a way that was very, very valuable for us.

Now, when I speak to other VCP funds that have reached out to me over the years to get advice about launching a similar effort, they almost never want to give up control. They want to dictate the investing. And I just don't think that's a recipe for success. It's when the fundamental discipline is so different from what they're doing at the core.

Now, when I speak to other VCP funds that have reached out to me over the years to get advice about launching a similar effort, they almost never want to give up control. They want to dictate the investing. And I just don't think that's a recipe for success. It's when the fundamental discipline is so different from what they're doing at the core.

Now, when I speak to other VCP funds that have reached out to me over the years to get advice about launching a similar effort, they almost never want to give up control. They want to dictate the investing. And I just don't think that's a recipe for success. It's when the fundamental discipline is so different from what they're doing at the core.

I think the biggest risk for us is being based here in Silicon Valley, you believe everything's going to happen overnight. Mobile or cloud and now AI are taking over the world. They're just going to leave all this destruction in the wake. And the reality is these things usually happen very fast, but also much more slowly than peak enthusiasm would suggest.

I think the biggest risk for us is being based here in Silicon Valley, you believe everything's going to happen overnight. Mobile or cloud and now AI are taking over the world. They're just going to leave all this destruction in the wake. And the reality is these things usually happen very fast, but also much more slowly than peak enthusiasm would suggest.

I think the biggest risk for us is being based here in Silicon Valley, you believe everything's going to happen overnight. Mobile or cloud and now AI are taking over the world. They're just going to leave all this destruction in the wake. And the reality is these things usually happen very fast, but also much more slowly than peak enthusiasm would suggest.

As a hedge fund, we're trading off the Wall Street echo chamber for the Silicon Valley venture echo chamber. And that's certainly got puts and takes. One thing that we try to do is to combat that is to host outside voices to speak on occasion.

As a hedge fund, we're trading off the Wall Street echo chamber for the Silicon Valley venture echo chamber. And that's certainly got puts and takes. One thing that we try to do is to combat that is to host outside voices to speak on occasion.

As a hedge fund, we're trading off the Wall Street echo chamber for the Silicon Valley venture echo chamber. And that's certainly got puts and takes. One thing that we try to do is to combat that is to host outside voices to speak on occasion.

And so I forget if it was Doug or Ruloff who organized this, but we organized, for example, Charlie Munger before he passed to come in and talk to the partnership. We've had Stan Druckenmiller come in and talk to us. They think in a very different way than we do.

And so I forget if it was Doug or Ruloff who organized this, but we organized, for example, Charlie Munger before he passed to come in and talk to the partnership. We've had Stan Druckenmiller come in and talk to us. They think in a very different way than we do.