Invest Like The Best
Episode 378 Relentless Application of Force
Invest Like The Best

Episode 378: Relentless Application of Force

Invest Like The Best

Episode 378

Relentless Application of Force

Pat Grady is a longtime growth investor at Sequoia. We cover what he's learned from Sequoia's legendary partners, how to become a great business writer, and his criteria for separating truly legendary companies from the rest.

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(00:00:00) Welcome to Invest Like the Best

(00:05:48) Doug Leone's Leadership and Changes

(00:06:54) Creating Internal Pressure and Structure

(00:10:46) Sequoia's Team Values and Family Influence

(00:13:40) Assessing Founders and Investments

(00:20:28) Winning Competitive Investments

(00:24:45) Pat’s Early Career at Sequoia

(00:29:38) Memo Writing and Investment Criteria

(00:35:20) Evaluating Companies Through Three Business Criteria

(00:40:15) Building Sustainable Competitive Advantage

(00:47:48) Turning Bad Numbers into Good Investments

(00:51:20) The AI Frontier: Market and People

(01:01:13) Harvey: The AI Legal Assistant

(01:05:33) Sequoia's Platform Strategy

(01:17:16) The Importance of Teamwork and Performance

(01:26:07) Legendary Potential: Relentless Application of Force

(01:28:37) The Kindest Thing Anyone Has Ever Done for Pat

 

Relentless Application of Force

Introduction

Patrick
My guest today is Pat Grady, a long-time growth investor at Sequoia and one of the firm's senior leaders. Pat has been a part of a long list of legendary investments ranging from Snowflake, Zoom, ServiceNow, Qualtrics, Okta, HubSpot, Notion, and OpenAI among many others. There aren't many investors who reference as well as Pat, both inside and outside of his firm. We talk about investing, building an investing firm and building enduring companies. Please enjoy this great conversation with Pat Grady.

The DNA of Sequoia's Culture

Patrick
Pat, I'm lucky in this conversation and that I know a lot of your partners, have interviewed them, understand the business and I'm fascinated by Sequoia's history and the way that you invest, but I've spent less time on the growth side, and so I'm really excited to do this with you today. I thought a fun place to begin would be to talk about the nature of internal healthy peer pressure at Sequoia, how it's created and maintained in a way that is on that line of healthy and overly intense. I would love to hear as much detail as you can manage about where this internal pressure comes from and how you tend to that flame.

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