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Harsh Singh
Founder @Luma Space • 1y
Survival: The Truth of success! When Charlie Rose asked Michael Moritz, the billionaire head of Sequoia Capital, about the secret to the firm's long-standing success, Moritz highlighted their longevity. While many venture capital firms thrive for just five or ten years, Sequoia has flourished for over four decades. Rose pressed further, asking why that was the case. Moritz replied, "I think we've always had a fear of going out of business." Rose responded, "Really? So it's fear? Is it about being paranoid?" Moritz agreed, saying, "There's a lot of truth to that. We operate under the assumption that tomorrow won’t mirror yesterday. We can’t rest on past achievements, grow complacent, or take for granted that yesterday’s success will ensure tomorrow’s prosperity."
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