00:31:59 · Jordi Hays, John Coogan
[00:31:59] S1: It's it's been But but, yeah, incredible answer by Strauss and [00:32:03] S0: Holy greatest ever do [00:32:04] S1: it. Would would a little little embarrassing. Yeah. Where should we go next? There's a couple things I want [00:32:10] S0: to to talk public. Take two, also, the market loved it. So Public invest across all asset classes, automate anything with AI agents, run trading strategies, risk management, money movements, monitor markets with AI agents for investing on Public. Take two is up today. Everything else is tanking. But take two, it's a flight to safety. It's up 10% in the last five days. [00:32:31] S1: There we go. [00:32:31] S0: Everyone's like, okay. Great answer. Great answer. I understand that [00:32:35] S1: you have a diversified basket of incredible IP. [00:32:38] S0: Yeah. It is like people are gonna [00:32:39] S1: be playing games. Improvement ability to create hits [00:32:42] S0: Yeah. Yeah. No, no. It's a good business. Wanna talk [00:32:47] S1: got a post here from Dalian. Yeah. He said someone put a little boy Sean McGuire in Pat Grady's coffee this morning. I agree. He's a lot Yeah. A lot of people were, you know, Sequoia making some changes to their strategy, continuing their evolution.
00:32:47 · Jordi Hays, John Coogan
[00:32:47] S1: got a post here from Dalian. Yeah. He said someone put a little boy Sean McGuire in Pat Grady's coffee this morning. I agree. He's a lot Yeah. A lot of people were, you know, Sequoia making some changes to their strategy, continuing their evolution. [00:33:02] S0: Yeah. The core we... You familiar with, like, the core of what they're doing? They're shuttering the London office. They've already spun off the India and China strategies. So really focused out of their, American headquarters effectively. And then, and then consolidating the partnership and the core team as well. And then, also merging seed and growth, early stage and growth, venture and growth. So it's just like there's a group of investors, and they can do whatever they need to in the market. And then they're not gonna have partner meetings either because they say, founders work twenty four seven. We'll be available when they're... When when they're available. When they need us, we'll be there, and we'll be able to make deal decisions. It feels like a very modern format, and it seems like a good move, but a lot of people are a little defensive. Right? Because it's it's implicitly taking shots at, well, maybe you don't need to be investing if you're in Europe or something, or you don't need to be there on the ground to win the European deals because Sequoia has won a lot of European deals, and their American based partners have been the ones to win those sometimes. Yeah. So anything else in this?
00:33:02 · John Coogan, Jordi Hays
[00:33:02] S0: Yeah. The core we... You familiar with, like, the core of what they're doing? They're shuttering the London office. They've already spun off the India and China strategies. So really focused out of their, American headquarters effectively. And then, and then consolidating the partnership and the core team as well. And then, also merging seed and growth, early stage and growth, venture and growth. So it's just like there's a group of investors, and they can do whatever they need to in the market. And then they're not gonna have partner meetings either because they say, founders work twenty four seven. We'll be available when they're... When when they're available. When they need us, we'll be there, and we'll be able to make deal decisions. It feels like a very modern format, and it seems like a good move, but a lot of people are a little defensive. Right? Because it's it's implicitly taking shots at, well, maybe you don't need to be investing if you're in Europe or something, or you don't need to be there on the ground to win the European deals because Sequoia has won a lot of European deals, and their American based partners have been the ones to win those sometimes. Yeah. So anything else in this? [00:34:08] S1: Oh, I just thought it was amazing that Pat was Pat was firing back. Yeah. He asked James, did you guys have an emergency? How do we use this to dep... Deposition Sequoia meeting? [00:34:20] S0: Yeah.
00:34:20 · John Coogan, Jordi Hays
[00:34:20] S0: Yeah. [00:34:21] S1: Today. Jeez, man. We used to like working with CRB. Shots fired. Very few exclusively early stage focused funds remaining. You guys are nailing this messaging. Keep at it. That's spicy. So funny. Videka, it's just like like... It it just come... It just comes down to the to the fact that if you're an elite founder Yeah. It doesn't matter how Sequoia is set up. Yeah. You can go have a conversation with them at any stage. And, like, they wanna lean in, there's a very good chance that they're winning that deal.
00:34:52 · John Coogan, Jordi Hays
[00:34:52] S0: If he seems to be sort of friendly with Deleon, Deleon's taking a victory lap saying he's been doing this since 2019. The FF shut down the sixth scout program in 2019. Deleon pushed hard for that. We've never done part Monday partner meetings. I took them long enough. Whatever. And Pat says, interesting. What else do you guys do over there? Asking for a friend. See, that's playful. That's not that's not firing that part. I I think. I think. But but the next one, Martin. This was a bloodbath. You saw this? So Martin opens up with no doubt that building a transatlantic firm is hard, but it's new line. I'm not sure what the new line is doing there, but, it seems like it was written on typewriter or something. What we've set... Spent the past three decades doing an index, and we're not we're not going to stop. It's the best way to support founders who wanna build something on both sides of the Atlantic. Pat Grady, out of the gate, hits him with the hay bud. That's one of the most aggressive things you could do on the timeline. It's... That's that's roadkill right now. That's really, really hardcore. [00:35:53] S1: Yeah. [00:35:53] S0: He says, I love index and think the world of you guys, period. And then, but. The period, two spaces. [00:36:02] S1: Hey bud. Hey bud. Pause. Pause. [00:36:04] S0: But, you know and I know that it's baloney. Hitting him with the baloney Baloney. That's like elite dad tier just trashed on.
00:36:04 · John Coogan, Jordi Hays
[00:36:04] S0: But, you know and I know that it's baloney. Hitting him with the baloney Baloney. That's like elite dad tier just trashed on. [00:36:13] S1: You can't come back. That dad tier trash... He didn't get a response. I don't think so. I think... Because after you get the bud, paws, butt, baloney... [00:36:22] S0: Hitting them with the baloney is crazy. It's crazy. Is baloney the position as if Sequoia is closing London because it's hard? [00:36:30] S1: Yeah. When I think about when I think about, like, amazing Yeah. European companies [00:36:35] S0: Yeah. [00:36:36] S1: Of the last, like, decade or two, I'm thinking Klarna, like Revolut. Eleven Labs. Yeah. Spotify. So it doesn't... It seems like it's it's certainly certainly hard, but it seems like they're they're pulling it [00:36:51] S0: off. Yeah. [00:36:52] S1: Also The other thing that was funny when somebody somebody said when you combine a growth team in an early you become a growth team. And Patrick was like, think you mean to use fund or team? Like Yeah. When you combine a growth fund and then early... And then early Yeah. Is kinda odd. Yeah. Anyways I