Greylock partner Saam Motamedi discusses the enduring qualities of venture capital firms, using Greylock's 60-year history as a case study. He emphasizes the importance of a service-oriented ethos focused on supporting entrepreneurs, rather than prioritizing firm publicity. This ethos, along with a strong brand and network, contributes to a firm's durability. Saam highlights Greylock's apprenticeship-focused talent model, where younger partners are mentored and given significant responsibility. The conversation explores the balance between deep company involvement and broad market awareness, as well as the challenges of performance management in venture. Saam also touches on Greylock's approach to company initiation, emphasizing the need to mitigate market risk and empower founders. Finally, he assesses current opportunities in venture, advocating for early-stage and late-stage investing strategies.
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