20VC: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta | How to Play AI in the Public Markets | China & Europe: Is the Future Bleak | The Opportunity for Crossover Funds with Jeff Wang, Managing Partner @ SCGE
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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
1h 12m
2 speakers
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I do think there are more threats on Google's business than there have been ever in the company's history. I think Nvidia's price is reasonable if you think it's going to continue to keep going. For us, 70% of our research process is actually upfront on the theme and only 30% on the actual company. You have to be a pirate interpreting a treasure map. We need to sail to the right island. Now, if we don't sail to the right island, it doesn't really matter which ship you picked. Those are just not good investments.
This is 20VC with me, Harry Stebbings, and I promised you the best guests in the world that have never done a podcast before. Today is exactly that. Jeff Wang has scaled Sequoia Capital global equities from $50 million of internal partner funds to $9 billion in assets under management, and he's invested $3 billion into private companies like ByteDance, SpaceX, and Stripe. and he also led investments in Airbnb, DoorDash, MongoDB, NewBank, and Snowflake, all when they were private. Jeff has never done a podcast before, and so this is the first time you will hear him speak, and wow, what a show we have in store for you. But Before we dive in, I'd like to introduce you to one of my favorite brands, Atteo. Atteo is the next generation of CRM.
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The fund is already off to a good start with $100 million into some of the largest, most in-demand AI and data infrastructure companies. Companies like OpenAI, Anthropic, and Databricks Check out the Innovation Fund's impressive list of investments for yourself by visiting fundrise.com slash 20VC. Carefully consider the investment material before investing, including objectives, risks, charges and expenses. This and other information can be found in the Innovation Fund's prospectus at fundrise.com slash innovation. This is a paid sponsorship. And finally, let me tell you about UiPath. What do Henry Ford and AI have in common? Neither could change the world without automation. In the future, there will be two types of businesses, those that have automated and those that wish they had. UiPath's new AI agents don't just follow rules. They think, make decisions, and work alongside the world's most powerful software robots, already trusted by over 10,000 businesses. Jeff, I am so excited for this, dude.
Listen, I spoke to Mike, I spoke to Doug, I spoke to Pat, many of our mutual friends. So thank you so much for joining me today.
Oh, thank you so much for having me on the pod. By the way, I did see your tweet the other day about your frustration with folks going on the podcast circuit. This is my first podcast ever, and I don't expect to do them regularly. So I've been listening to your pod for a long time. Sequoia folks have had such good things to say about you. And so I'm super excited to be on.
I pay them a lot of money to say things. And that's a big spend. Listen, I want to start in the early days, which is how did you come to join SCG? Just take me to that offer moment and the joining.
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