Ben Gilbert: belief

Transcript context

…A future-looking view, one might say? Yes, I was trying to avoid, let's call it future-looking view, not only of the media company but other things that they're doing that transcend to being a venture firm with value added services. I think, as Marc recently coined it, and he had a great invest, like the best episode on this HP 2. 0. There's definitely a lot more that we'll talk about there, probably in a future episode at some point. Yeah. I think that's the right way to do it. That's Andreessen Horowitz. Wait, there is one more piece to talk about. There's this great saying in venture that is also a Mike Moritz phrase—he's so good—which is that "the apples take longer to ripen than the lemons." Of course, apples being a double entendre meaning good companies but also Apple. Getting Sequoia's case, so good. They start having some success. April 2017, success on the distribution front. Okta IPO, March 2019; Lyft IPO, April 2019; Pagerduty, Pinterest, June 2019; the Slack DPO, December 2020; Airbnb, January 2021; Affirm, March 2021; Roblox, which within a year they turn around 15X on that.…

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