Korva rescues the ideas worth keeping from podcasts. Each one becomes a Card.
A venture firm can access exceptional deals and still fail when its partners cannot coexist.
Sequoia sold its Cisco shares for $90 million despite owning roughly a quarter of the company.
Decades of achievement did not make entering AI easier. It made Doug Leone feel less capable and more terrified.
The best investors may not be investors at all. They may be entrepreneurs who never sold.
Broken trust distorts or delays information and correct decisions as they move upward through the company.
The highest-value strategic question is not how to hedge downside, but what the business becomes if everything goes right.
Fiduciary duty can mean chasing the highest price or protecting the company’s culture and honoring your word.
Doug Leone’s conversations usually last less than three minutes because his communication style is highly direct.
Seventy percent of this firm’s capital comes from nonprofits and charities, making investing a responsibility, not a game.
The goal is not ordinary 2x or 3x returns. It is finding rare investments capable of roughly 100x.
A former leader must leave decisively when a successor takes over. The old king weakens the new king by staying.
Compounding a large unrealized gain can produce returns unavailable from finding another investment of comparable quality.
Technology continually changes, but humanity and one-on-one relationships remain more intrinsically interesting than technology.
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