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Episode #63: Sequoia Breaks Portfolio Conflict Rules, Pre-Seed Is Dead?, FAANG to Startup Regret
This week we discuss Sequoia's groundbreaking decision to invest in Anthropic despite existing stakes in OpenAI and xAI, challenging traditional VC taboos around backing competitors. We explore why pre-seed fundraising has fundamentally changed, with most founders now needing $300K ARR just to get meetings. Finally, we examine a candid reflection from an ex-Amazon employee who regretted leaving FAANG for a startup, highlighting the mission-driven intensity required to succeed in early-stage companies.
Sequoia to invest in Anthropic, breaking VC taboo on backing rivals: FT
Stop calling it…
The skinny
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