The trick is, a market has to be nonexistent when you start. If the market is large early on, you will have too many competitors. You have to make it large.
In a globalized world, one application can spread like wildfire and there's only one winning company, which means you have to invest more than you've ever had.
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.
Give me an entrepreneur with a lot of courage, gusto and who iterates rapidly, and I will back that person day in and day out.
Our business is all about helping someone - a founder, a CEO - building a great business. It's not about seeing our names in the press.
We see China as a large market opportunity with similar cyclical economic cycles that occur throughout every economy.