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If we’ve learned anything from the last decade of tech, it’s that incentives, intentional and not, drive reality. @sequoia‘s new fund structure has tighter incentive alignment between founders, investors, employees, and customers. This is a big deal and a welcome reform.

Roelof Botha @roelofbothaToday is a crucible moment in @sequoia?s journey. The traditional 10-year fund cycle of VC has become obsolete. Enter: The Sequoia Fund. It removes all artificial time horizons on how long we can partner with companies. (1/3)
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Phil Libin

If we’ve learned anything from the last decade of tech, it’s that incentives, intentional and not, drive reality. @sequoia‘s new fund structure has tighter incentive alignment between founders, investors, employees, and customers. This is a big deal and a welcome reform.

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