Four years ago, I was a partner at Sequoia Capital, where Drew Houston, Brian Chesky, and a daunting parade of dent-making founders routinely proved that disruption happens in Silicon Valley like nowhere else. But things were changing, and fast.
We saw cloud access to cutting-edge technology sprout fast-growing companies in geographies far away from our epicenter. We, in fact, came to believe (as I still do today) that while the majority of the value in technology was built in Silicon Valley over the last 15 years, a disproportionate amount of the returns over the next 15 will be built elsewhere.
At Sequoia, we took to running around the world, opening offices and funds in India and China. We were investing in Sweden, Brazil, and Scotland. We were, by the way, the firm that was at one time known for only investing within a bicycle’s ride of Menlo Park.