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Thursday, May 3, 2012

HAN-SF Event - Guest Speaker: David Leone




Keywords for my takeaways...
David Leone (partner at Sequoia Capital) at Autodesk Gallery

Profiles of entrepreneurs:
Iterate
Misfit
Underdog- (joke: oppressive mothers)

About SC -- they don't issue press releases (and the implication).
Act local. Think global.
Generational capital. 10x ipo
Capital. 1 trillion capital and investments -- get to one person in two emails.
Idiosyncratic not cogs. Not guided by rails.
Creditability. Clarity (think what is not being said). Courage. Conviction

VC/PE industry
Not these: Platform. Optionality. Model. Investment committee. Investors. AUM
But these: Inferno with single match. "As hire As". Vision-- Ciscos business is not selling routers but to "connect".
10 year fund cycle.

Other Anecdotes
Sale of Instagram -- SC was not consulted.
83 candidates for CEO at Google.

Cost of starting vs building
Altavista vs. google demo
J. Chambers & His Wife.
First order issue
70% profits to nonprofit.


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