Legendary VC Doug Leone touts AI, praises Elon Musk, and reveals how he tests people over dinner in a new interview. Here are the 10 best quotes.
World-beating businesses are often born in tough times, easy money spoils company founders, and artificial-intelligence tools like ChatGPT are part of a new technology paradigm, Doug Leone has said.
2."What we have right now is a bit of a shitshow. There's companies with $500 million in the bank, $1 billion in the bank, with maybe an $80 million run rate and no growth perspective. They don't know what to do. Bad habits all over the place. And that's what happens during 'wonderful times.' All these lousy habits are built."
5."The thing I can't do is the black magic. Black magic is reserved for founders. Everything else is mere mortal stuff. That's what we can do. And we're probably the very best in the world at Sequoia in doing that."
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