Sequoia Leaves London, Close Scout Program & End Evergreen Fund | NASDAQ Loses $2.5T in 24 hours
Harry Stebbings, Jason Lemkin and Rory O'Driscoll cover Sequoia's shake-up, the Nvidia board investigation into Jensen Huang, a $2.5 trillion Nasdaq drop, Anthropic's IPO, AI key theft, and why agents are reshaping software.
The gist
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O'Driscoll says ending Sequoia's Evergreen fund made sense: it launched in 2022-23 before stocks fell, LPs want their own liquidity, and it was too complex.
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O'Driscoll praises Anthropic pricing its IPO at $70 to $78 a share, above $54 privately, since starting low beats starting high; Lemkin expects flat trading.
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Lemkin says always-on agents like his Muse cost up to $20 to $30 a month to run, and are less interesting unless fully persistent.
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Lemkin warns that bot swarms are stealing AI API keys, noting his Claude account's spending limit was set at $100,000 by default.
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Lemkin says design modes in tools like Claude Design are still a C minus, and Figma should go all in on agentic design.
Jason Lemkin uses it
"We want them to do even more. My Muse is running all day, all day long for 20 bucks a month."
▶ Play at 32:4320 creators recommend it, including Claire Vo, Peter Yang, and Chris Koerner.
See all on the Muse page
Jason Lemkin uses it
"I as an individual user on Ultra on Claude, my spending, I didn't even know, was set at $100,000 by default. So if someone stole mine because it was on Fireworks AI and Eval, they could have charged $100,000 in minutes."
▶ Play at 41:54253 creators recommend it, including Riley Brown, Chris Koerner, and This Week in Startups.
See all on the Claude page
Jason Lemkin uses it
"Design mode in these apps are a joke. I use them all the day. I use Replit's Canvas design today. It's a joke. Claude design is really neat and it's built in. It's still kind of a joke."
▶ Play at 1:00:0812 creators recommend it, including Peter Yang, Riley Brown, and Claire Vo.
See all on the Claude Design pageWhat they recommend · 3 picks
"We want them to do even more. My Muse is running all day, all day long for 20 bucks a month."
"I as an individual user on Ultra on Claude, my spending, I didn't even know, was set at $100,000 by default. So if someone stole mine because it was on Fireworks AI and Eval, th..."
"Design mode in these apps are a joke. I use them all the day. I use Replit's Canvas design today. It's a joke. Claude design is really neat and it's built in. It's still kind of..."
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