Sequoia's Doug Leone on investing in China, being No. 4 Midas VC
- Cromwell Schubarth
- Senior Technology Reporter- Silicon Valley Business Journal
- Email | Twitter | Google+
Another of his portfolio companies, RingCentral, filed for a $100 million IPO on Monday.
But he was quick to deflect credit for the honor when we spoke recently while he was on one of his regular trips to China and other parts of Asia.
The 56-year-old former engineer and salesman spoke to me in a wide-ranging phone conversation about the Midas List, his recent investments in startups including Birst and his firm's involvement in China.
The following Q&A contains excerpts of our conversation:
You ranked very highly this year on the Midas List. How much stock do you put in those rankings?
I’m not sure how accurate they are. I wish that those rankings didn’t come out, insomuch that none of the investments where I’m on the board on behalf of Sequoia Capital are “Doug Leone investments.” They are Sequoia Capital investments. Some of those companies are not companies that I sourced. Some other companies where my partners are on the board are companies that maybe somebody else sourced. We work as a team. I think having the individual being shown as a star actually creates problems internally. We encourage all our investors to work as a team for the benefit of the founders. So the founder has not just Doug Leone or Jim Goetz on the board but all Sequoia Capital. If I could press a button and have all of Sequoia Capital on the Midas List, I would choose to do that over a honoring a single individual.
Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.
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