Julien Bek

Mentioned in 1 episode

"I've seen it happen with more recently with Anthropic, with special companies like that. $2 and a half billion dollars."

Mentioned in 1 episode

"I had lunch with Anton Osika from Lovable before he founded the company and I just didn't see it. I didn't come to the meeting with a plan. I just had lunch with him and we were just chatting and I was not intentional about asking the right questions to figure out what made him special and I underestimated him at the time."

Mentioned in 1 episode

"Credits to Sean. When he brought in the SpaceX investment, we vote on companies. I think someone voted a one. He didn't give up. He just kept pushing. He forced all the partnership to fly over to see it with their own eyes. We ended up doing a smaller investment that led to a big investment and now a couple of years later that's one of the best investments in the history of the firm."

Mentioned in 1 episode

"One of them is Nikolai from Revolut. Another one of them is Daniel Dyn from UiPath. Think about the concentration of expected value that was just in that room that day."

Mentioned in 1 episode

"I'm obviously biased, but I think Harvey is very well positioned because they have the widest distribution. I just don't understand investors' willingness to invest in the nth competitor."

Mentioned in 2 episodes

"We have a company called Sierra. They're an AI for customer support and customer experience. A typical way is they go see a customer who has X number of tickets to resolve — an airline — and they know that today they have human agents answering these tickets. For every ticket resolved they might spend $50. Well, Sierra comes in and says we will resolve those tickets for a fifth of the price."

Mentioned in 1 episode

"I think Brian Chesky had been turned down by most other firms and he came to Sequoia and Sequoia led a seed investment that was one of the highest money-on-money return that we've made. It was controversial. Sleeping on air mattresses on people's floors as a turn marketplace sounded like a pretty bad idea."

Mentioned in 1 episode

"Everyone thinks that we're just waiting for the phone to ring for the next Anthropic to call us to invest. That's completely false. Everyone at Sequoia is a hunter."

Mentioned in 1 episode

"Today you might buy QuickBooks for 2K but you spend 15K to close the books with your accountant. So what if you can just sell the outcome of the closed books instead of selling the software alone?"

Mentioned in 1 episode

"I worked for this guy, Ollie Samur, who was the founder of Rocket Internet. He's amazing for so many things, but everyone knows he's a very tough negotiator. When I joined his company, I said I wanted more than 30K and he refused."

Mentioned in 1 episode

"Constantine Beller, my partner, helped us lead the investment in Citadel Securities, Ken Griffin's company. They had never taken outside capital. The reason we were able to invest is Constantine built a relationship with Ken since he was a student."

Mentioned in 1 episode

"I think it was Cloudflare this morning that said that in five years from now we'll have 1,000 times the amount of agent traffic to human traffic. The agents are already very biased. They go to Cloudflare and Vercel when they're looking for a hosting solution."

Mentioned in 1 episode

"When I met her she had just invested in Deliveroo, then she did Framer, then she did Penny Lane, Stark more recently — it's just banger after banger."

Mentioned in 1 episode

"When I met her she had just invested in Deliveroo, then she did Framer, then she did Penny Lane, Stark more recently — it's just banger after banger."

Mentioned in 1 episode

"What miss haunts you most? I think probably Trade Republic. We're in business with Trade Republic, but I looked at the seed before I joined Sequoia and I remember telling the founder Christian, 'I don't think you're going to succeed because Revolut is going to smoke you.' It turns out they barely compete and they're both building amazing businesses."

Mentioned in 1 episode

"We have a company called Profound that's the answer to SEO for the modern marketer. They help you make your business visible to people who are using chat interfaces."

Mentioned in 1 episode

"You and I are investors in a company called Octar — that's an AI for software implementation. They work with some of the largest software vendors where they basically help their employees supercharge their implementation team. It's just amazing how much leverage you can get — one person can do the job that 10 persons were doing before."