20VC: Inside Sequoia's Investment Committee: Lessons from Don Valentine, Doug Leone and Alfred Lin | How the SpaceX and Citadel Deals Went Down | What Sequoia Specifically Looks for in Founders with Julien Bek

Everyone thinks that we're just waiting for the phone to ring for the next anthropic to call us. To invest. That's completely false. Everyone at Sequoia is a hunter. If you look at founders you like versus founders who make money as a two by two matrix, your job is to figure out in which part of the quadrant we make money. The best investments in all the funds.

are always the companies where the sponsor had the highest conviction. We are only as good as our next investment. That's not an easy job. You want an easy job, you go do something else. Credits to Sean, when he brought in the SpaceX investment, we vote on companies.

I think someone voted a one. I think right now if you're gonna invest in new Neolab, you're basically investing, you know, in the Cora In the stumble upon when Facebook X came about. This is twenty VC with me, Harry Stabbings. Now I am so excited for the show today because I get to welcome one of my oldest friends to the show. Yeah, he's a partner at Sequoia, which just raised ten billion dollars in new capital to bet on the next generation of winners in the AI wave. He's also an incredible human being. You'll hear more about why in the show. But

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