Saturday was my 15 year anniversary
@sequoia
... one of the things I love about Sequoia is getting to learn new things from amazing people, so here are 15 lessons from 15 people over 15 years... hope you enjoy!
If you want to build a Snowflake-sized company, he says, you can’t be about the celeb-CEO lifestyle. “That’s not real life,” he says. “Real life is you’re terrorized and uncomfortable every day of the week."
You don't take 3 companies public in 20 years without being in a class of your own. So when
@SnowflakeDB
's Frank Slootman gives advice to founders, it's wise to listen. For starters, he says, hire troublemakers.
"An IPO is like a high school graduation. It’s a big deal at the time, but there is a lot of work to do after the party is over... no one wants to be the person who peaked in high school!"
congrats on one heck of a high school graduation
@ericsyuan
and
@zoom_us
!
"My journey with Zoom began with a desire for the independence to build something that would make users happy, a true video-first unified communications platform. This
#IPO
is us shouting out loud to the world ..." -
@ericsyuan
[Blog Post] >> <<
#MeetHappy
Growth is a metric that everyone understands, but defining your company as "the fastest growing ___" does more harm than good. A few thoughts on growth as a false idol:
Getting to work with the
@ericsyuan
's of the world is the reason I love my job.
@zoom_us
is bringing the world closer together at a time when so many forces threaten to pull us apart. Thank you for allowing
@sequoia
to be part of your journey:
It was an honor to meet
@ericsyuan
‘s mom & brother today. Long before there was
@zoom_us
, there was family... and that’s the foundation on top of which companies have a chance to get built
Let's interrupt today's news cycle with some good news... anyone heard the story of the remarkable 20-somethings from Canada who are remaking a $700Bn industry for the better?
@embarktrucks
@sequoia
@alexrodriguesca
@alanohnsman
a lot has been written about
@SlackHQ
in the last few days... but IMHO, if you really want to understand what made them so successful, you have go all the way back to 2013 and this post written by
@stewart
himself:
huge congrats to everyone
@SlackHQ
!
Trust is powerful. When you trust something, you default to using it. When that's a new default, your behavior changes in meaningful ways. This is why
@zoom_us
has such a powerful impact on customers.
Is
@alexrodriguesca
smiling because I told a good joke, or because he just became the youngest public company CEO out there? Definitely the latter… huge congrats to
@embarktrucks
from all of us
@sequoia
… already legendary, and the best is yet to come!
1/ In a digital world, the product *is* the business -- and the product function becomes a revenue center.
@Amplitude_HQ
has become the lifeline for companies to connect their product to business outcomes so they don’t get left behind.
If you're a founder who's starting to build a GTM org, I'd highly recommend finding 46 minutes to listen to
@DannieHerz
with
@HarryStebbings
... this is jam-packed with practical advice from an exceptional GTM executive (and great human being!)
earlier today, during a Q&A session...
audience member: "is it easier to understand AI when you live with one of the world's top five experts?"
me: [stammers incoherently while beaming with husbandly pride]
and yes, I may be biased, but
@saranormous
is pretty darn good!
Tinder, but for cancelling meetings on calendars.
If both people swipe on a meeting, it disappears. If only one person swipes, nothing happens. Standing 1:1s, etc.
3/ Don named
@sequoia
after one of the world’s largest & most enduring organisms at a time when the convention was to put your own name on the door; he knew that a team would outperform a collection of individuals
The tectonic plates of technology are shifting. LLMs give you superhuman recall and reasoning. We are delighted to join
@GabePereyra
@WinstonWeinberg
and everyone at Harvey to help put LLMs to work! More here:
Hi NYC! Loving all the energy around meeting up… my partner
@DannieHerz
, my friend
@meaganloyst
, and some NYC tech folks will be at Le Cafe Coffee on Broadway near Bryant Park TODAY starting around 11am. Open invite – bring your vax card and come say hi!
We
@sequoia
are thrilled to support
@attentivemobile
in their mission "to build a communications channel that is thoughtful, authentic, and addresses the needs of both brands and consumers equally"
We kept hearing the name
@DavidCahn6
from founders, and when we got to know him we discovered why! He is a force of nature. We are excited for him to make a dent as part of
@sequoia
this is an exceptional episode. ravi gupta
@sequoia
is one of the most warm, genuine, kind, joyous, clear-thinking, and level-headed people you will meet. it is an honor to be his partner.
💥 New 20VC Episode 💥
At end of the day, I view my role as creating a safe environment for anyone to come to a meeting & be exactly who they are.
No one is better at creating this environment than Ravi
@sequoia
.
A friend and proud to release this!
🚀 Exciting News from Grow Therapy! 💜
We are thrilled to announce the launch of measurement-informed care alongside our recent milestone achievement: a Series C funding round led by
@Sequoia
.
For over a decade, we've had the privilege of partnering w/ Frank Slootman, a once-in-a-generation leader who grows each company by an order of magnitude more impressive than the last. His new book is a chance to learn from one of the greats.
#AmpItUpBook
This is awesome and we
@sequoia
love
@wiz_io
BUT
Different companies have different shapes. Growth is nice. Quality is better.
Very few companies will ever grow like this, but EVERY company can get a little bit better every day.
Focus on quality and growth will come.
1/ We
@sequoia
hear stories like this about
@ericsyuan
every day
It’s no coincidence that this humble & amazing founder is at the helm of such a wonderful company,
@zoom_us
In fact, his humility has been a key driver of their success
I stopped
@ericsyuan
on the street last night after watching his talk during
@saastr
It was night and he was on his way somewhere but he took the time to talk to me. This is the founder and CEO of a decacorn
@zoom_us
What a humble and amazing guy!
#SaaStrAnnual19
@sequoia
5/ Don hired
@dougleone
, a sales person, because he thought from the customer-back, not from the technology-out; Don knew that being market-driven was more important than assessing the finer points of a chip layout
We’re excited to announce today that
@SnowflakeDB
has closed $450M in growth funding to accelerate US and global expansion, bringing valuation to $3.5B
1/ We tend to be dreamers, so we have a lot of theories here
@sequoia
. Every so often, a theory actually matches reality!
@PilotHQ
is building the reality behind one of our most compelling theories.
"We tell ourselves that skill is the precious resource and effort is the commodity. It’s the other way around. Effort can trump ability... because relentless effort is in fact something rarer"
oldie but goodie:
Rarely do global-scale impact and commercial opportunity align as neatly as they do at Watershed. It is an honor to continue supporting the team in their mission to accelerate the climate economy.
Exciting news: we’ve raised a $100M Series C, led by Greenoaks and including
@kleinerperkins
,
@sequoia
, and other existing investors.
Read more about what we have in store for our next chapter >>
so incredibly proud of
@saranormous
and so excited to see what lies ahead! congrats to
@GreylockVC
for recognizing the best rising talent in the business.
🔥 Fired up about working with and continuing to learn from my partners and the
@GreylockVC
family. My mission is to partner with extraordinary founders to build and scale category-defining technology companies from ground zero, improbable as the journey may seem. 📈
We
@sequoia
are very proud to support the work
@wellcometrust
is doing on antimicrobial resistance, epidemic preparedness, safer births, Ebola response, and crazy ambitious new ideas to 10x healthcare around the world. It is an honor & a privilege to work for such great causes.
Another good year at
@wellcometrust
. Thanks to all our investment partners who have helped us grind out a 13.4% return despite all the headwinds, and 11.7% annualised over the decade since the financial crisis. Amazing!
Generative AI may be the most important theme of the next couple decades. It's analogous to the "on prem to cloud" transition of the last ~20 years, but an order of magnitude bigger. Here are a few thoughts from my brilliant partner
@sonyatweetybird
@sequoia
We are entering a new era of human-machine co-creation. If we allow ourselves to dream, then it’s easy to imagine a future where Generative AI is deeply embedded in how we work, create and play. 👽🤠
Excited to share our musings on the space here:
"SPACs provide a pretty interesting alternative because it allows you to tell a more nuanced story," says
@sequoia
's
@gradypb
on the current state of the IPO landscape. He joined us live in San Francisco this morning !
“The media makes startups seem glamorous, which does founders a disservice. Most will fail, and those that succeed will take a decade and probably be a shit show.”
@fkerrest
@okta
@sequoia
@servicenow
@sequoia
9/ “Redefine the theoretical limits for your business” – there are no “rules of thumb” for growth; don’t be satisfied – you can push harder
simple but important math from the inimitable
@ericsyuan
of
@zoom_us
1: happy = productive
2: culture > product, business, investors
3: rational thought > conventional wisdom
from
@sequoia
.
@alexrkonrad
's profile of
@ericsyuan
presents a case study in clear thinking, customer obsession, persistence, and putting others before self; this is an excellent capture of an exceptional leader
Zoom's IPO wowed Wall Street yesterday. Behind the $16B market cap bonanza: new billionaire Eric Yuan, the immigrant founder whose video conference app just works better. Here's my exclusive deep dive into how he did it, in the next issue of
@Forbes
.
@sequoia
@dougleone
6/ Perhaps most importantly, Don knew when it was time to entrust
@sequoia
to the next generation, and did so asking only one thing in return: that we leave it in a better place than we inherited it
@sequoia
@dougleone
7/ We may have lost Don today, but we will never stop working to leave
@sequoia
, our founders, and the communities they serve, in a better place than we inherited them; this is how we honor him
One of the very best - and most underrated - pieces of business writing that every founder & VC should read is kinda buried on the
@sequoia
site.
But it's utterly perfect.
2/ Don once described himself as “a mediocre picker of companies, but a terrific builder of companies”... which you can catch a glimpse of in how he built Sequoia
I remember it vividly... I was in awe of the people around me and couldn't believe I was allowed to sit at the same table; so in awe, actually, that my voice cracked when I spoke and
@roelofbotha
kindly recommended vocal lessons. not exactly the best start!
Anyone who doesn't know
@dcancel
or
@eliast
is missing out. These are two of the most driven, thoughtful, creative, energetic, and deeply-human founders you will ever meet. Nice profile by
@kenrickcai
Thankful to be on this incredible mission with
@eliast
at
@Drift
⚡️
Drift’s
#Latinx
Founders Beat Long Odds To Build $360 Million AI-Powered Sales Startup
5/ Thanks to
@ericsyuan
and the culture he created,
@zoom_us
is becoming a shining example of a principle we
@sequoia
believe in 100%: good things happen to good people
"You’re competing with everybody in Silicon Valley and wondering, ‘Am I good enough? Can I do this?’ He taught me to lose these fears and that whoever I’m comparing myself to is just another human. I can do what anyone else can do, it’s a matter of execution and grit and grind.”
How does an introverted college dropout from the Bronx build 5 successful tech companies back-to-back? By never settling, and building a community of his own. Meet
@Drift
's
@dcancel
.
2/ A humble founder attracts a humble team
A humble team listens to its customers, and tries really hard to make them successful
Successful customers = successful business
“Amazon.bomb” article from June 2000 when AMZN stock dropped 20% in one day to be down 70% in 6 months.
No idea if everyone has already read this but new to me.
The understated jabs at Bezos’ optimism are so utterly, perfectly wrong.
Lovely read