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Calculations /Second /$1,000
EXPONENTIAL COMPUTING GROWTH
10e16 calculation per second per $1000 equivalent to a human brain
2020
10e11 calculation per second per $1000 equivalent to a mouse brain
2015 2000
10e8 calculation per second per $1000 equivalent to an insect brain
10e26 calculation per second per $1000 equivalent to all human brains
2040
POST PC WORLD IS RAMPING UP:
10 billion mobile connected devices by 2020…
10B
…which is more than the world’s
population today.
Consumer Financial
Payments Healthcare Energy
IT
EVERYONE IS AFFECTED
Energy Healthcare Payments
IT Consumer Financial
EVERYWHERE
DOW JONES 30 - 1960
Allied Chemical General Electric Sears Roebuck & Company
Aluminum Company of America General Foods Standard Oil of California
American Can General Motors Standard Oil of New Jersey
American Telephone & Telegraph Goodyear Tire Swift and Company
American Tobacco B International Harvester Texas Corporation
Anaconda Copper International Nickel Union Carbide
Bethlehem Steel International Paper Company United Technologies
Chrysler Johns-Manville Corporation US Steel
DuPont Owens-Illinois Glass Westinghouse Electric
Eastman Kodak Company Proctor & Gamble Woolworth
General Electric
United Technologies
DuPont
Proctor & Gamble
1960 DOW JONES 30–TODAY
BLACK SWANS
2005 iPhone
1995 Internet
1975 The PC
2015
Hosted Services
1985 The Router
? 2025
???
AWS
MODUS OPERANDI
People Few
Experience Blessing and curse
Decisions From first principles
--
--
--
-- Organization Decentralized
Compensation Straight forward --
CONCLUSIONS
Increasing rate of change
Technology infection everywhere
Employ a customer-focused approach
Take risks
Act now
SEQUOIA CAPITAL
Established in 1972
32 funds ($11B+)
Operations in US, China, India, Israel
Early, Growth, Publics
1,000+ Companies
200+ IPOs
200+ M&As
Alfred I duPont Trust
Barr Foundation
Boston Children's
Brown University
Bush Foundation
Doris Duke Charitable Foundation
Ford Foundation
Harvard
Howard Hughes Medical
Innotech Advisers Limited
James Irvine Foundation
M. J. Murdock Charitable Trust
MacArthur Foundation
Mayo Clinic
Memorial Sloan-Kettering Center
Milton Hershey School Trust
MIT
Moore Foundation
Notre Dame
Rensselaer Polytechnic Institute
Robert Wood Johnson Foundation
Sherman Fairchild Foundation
Smithsonian Institution
Stanford
The Bush Foundation
The University of California
The Rockefeller Foundation
Vanderbilt University
Wellcome Trust
Williams College
GREAT CAUSES
$25B