Chapter
Sequoia's Evergreen Fund and Investing Strategy
18:30 - 29:24 (10:53)
The Sequoia Evergreen fund allows investors to keep owning shares for an indefinite period of time, and investors can share in the value creation as they grow their book value over time. However, the challenge for Sequoia will be judging public equities, as it's not clear that people who live and breathe venture can switch to equity.
Clips
The decision to go public as a four year old company is a good thing for micro-mobility firm, Bird.
18:30 - 19:39 (01:08)
Summary
The decision to go public as a four year old company is a good thing for micro-mobility firm, Bird. Despite setbacks from the COVID-19 pandemic, Bird has bounced back and pivoted to a new business model to help local entrepreneurs manage their scooters fleets.
ChapterSequoia's Evergreen Fund and Investing Strategy
EpisodeE54: Spread trading big tech, capital allocation, Zillow's misfire, Progressives suffer losses
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Sequoia's bias is to distribute shares to their LPs so that they can make their own decisions about whether they want to hold or not as long as they think the stock is priced fairly.
19:39 - 22:32 (02:52)
Summary
Sequoia's bias is to distribute shares to their LPs so that they can make their own decisions about whether they want to hold or not as long as they think the stock is priced fairly.
ChapterSequoia's Evergreen Fund and Investing Strategy
EpisodeE54: Spread trading big tech, capital allocation, Zillow's misfire, Progressives suffer losses
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The interviewee discusses the challenges Sequoia Capital may face as they transition from venture investing to public equity investing, and questions whether venture investors can effectively switch over to equity investing.
22:32 - 26:11 (03:39)
Summary
The interviewee discusses the challenges Sequoia Capital may face as they transition from venture investing to public equity investing, and questions whether venture investors can effectively switch over to equity investing.
ChapterSequoia's Evergreen Fund and Investing Strategy
EpisodeE54: Spread trading big tech, capital allocation, Zillow's misfire, Progressives suffer losses
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The idea of creating a vehicle to continuously invest in startups and recycle capital into new investments has become popular among professional investors.
26:11 - 29:24 (03:13)
Summary
The idea of creating a vehicle to continuously invest in startups and recycle capital into new investments has become popular among professional investors. The startup studio structure and early exits can help create companies and grow their book value over time with minimal risk of capital outflows.