Zitat des Tages von Douglas Leone:
During dark times, real entrepreneurs come out. They are not competing with 10 look-alike companies for engineering talent, so it's a great time to invest and help build companies.
Raise as little as you can to get you to something that you can show - plus maybe a quarter or two so you have a little bit of cushion - and then raise some more money. Raise as little - not as much - as you can because that's the most expensive equity you're going to sell.
We have co-opted seed funds. You know, Y Combinator, that was completely our money. We have secret handshakes with a whole bunch of people. Very dangerous, because word gets out that so-and-so's money is Sequoia's money, that would not be a good thing.
A tremendous chief executive in a small market will never be great. All great companies start with great markets.
Give me an entrepreneur with a lot of courage, gusto and who iterates rapidly, and I will back that person day in and day out.
I was working on boats as a teenager, sweating like a pig during a summer job.
If you choose a market that already exists, say, networking equipment, you have to compete with an established company like Cisco. Even if your product is marginally better, Cisco can fudge it and outsell you.
I routinely make trips to China and India where we have offices to continue to maintain the linkages that are necessary to run a successful business.
You meet with a CEO or founder. You talk about sales, engineering, product management and give some ideas or suggestions. And the founder quickly understands that you really can help them both operationally and from a strategic standpoint.
We look at the number of engineers coming out of India; we look at the growth of the economy, and it's clear that India is a place we want to be.
We work as a team. I think having the individual being shown as a star actually creates problems internally. We encourage all our investors to work as a team for the benefit of the founders.