Crucible Moments

De: Sequoia Capital
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  • Resumen

  • A podcast about the inflection points that shaped some of the most significant companies of our time. Crucible moments are pivotal decisions that determine your trajectory. In Season 2, hear from founders and leaders like Steve Chen of YouTube, Drew Houston of Dropbox, Frank Slootman of ServiceNow and Tony Xu of DoorDash, Steve Huffman of Reddit and more about how they navigated the challenges and opportunities that defined their stories. Hosted by Roelof Botha of Sequoia Capital. The content of this podcast does not constitute investment advice, an offer to provide investment advisory services or an offer to sell or solicitation of an offer to buy an interest in any investment fund.
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Episodios
  • Reddit ft. Steve Huffman - The Making (and Remaking) of the Front Page of the Internet

    Reddit ft. Steve Huffman - The Making (and Remaking) of the Front Page of the Internet
    Sep 26 2024
    Reddit is one of the largest and most culturally influential sites on the internet—and its journey is one of the most unusual company stories in internet history. College roommates Steve Huffman and Alexis Ohanian founded Reddit in 2005 and scaled it on a shoestring until Condé Nast acquired it the following year. Struggling for direction under its parent company, the founders left, and Condé Nast ultimately spun it out as an independent company once again. With Reddit buckling under user discontent in 2015, founder Steve Huffman returned as CEO to save the company and navigate the way forward. Over the following nine years, Reddit stabilized and the company’s revenue grew more than 50-fold to a successful IPO 19 years in the making. Host: Roelof Botha, Sequoia Capital Featuring: Steve Huffman, Alexis Ohanian, Chris Slowe, Jen Wong, Alfred Lin
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    43 m
  • MongoDB ft. Dev Ittycheria - How an Early Pivot Catalyzed an Open Source Movement

    MongoDB ft. Dev Ittycheria - How an Early Pivot Catalyzed an Open Source Movement
    Sep 12 2024
    MongoDB, founded in 2007, originally aimed to create a platform-as-a-service system with a new database layer. Facing competition from Google, the founders pivoted to focus solely on their database product, MongoDB—a new kind of database built for the scale of the internet era. Founder Dwight Merriman built a product that developers loved, but scaling the company proved challenging until Dev Ittycheria took the reins as CEO in 2014. As cloud computing grew, MongoDB transitioned from on-premise software to Atlas, a fully-managed cloud service. Despite initial skepticism, Atlas now represents 70% of MongoDB's revenue. As Atlas scaled, MongoDB faced another controversial decision: whether to change its open source license model to maintain its commercial moat. These pivotal decisions transformed MongoDB from a niche database to nearly $2 billion in annual revenue. Host: Roelof Botha, Sequoia Capital Featuring: Dwight Merriman, Dev Ittycheria and Tom Killalea Transcript: https://www.sequoiacap.com/podcast/crucible-moments-mongodb/ 00:00 - Cold Open 00:19 - Introduction 05:30 - The NoSQL movement 09:52 - Scrapping the platform for the database 14:57 - Launching as MongoDB 19:52 - Moving to the cloud with Atlas 24:52 - Assigning a directly responsible individual 30:15 - How Atlas changed MongoDB 35:03 - Updating the licensing model to avoid “strip mining” 39:50 - Evolving back into a platform 41:26 - Executing on points of leverage
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    44 m
  • ServiceNow ft. Frank Slootman and Fred Luddy - From Starting Over at 50 to Dodging a $150B Mistake

    ServiceNow ft. Frank Slootman and Fred Luddy - From Starting Over at 50 to Dodging a $150B Mistake
    Aug 29 2024
    In 2004, bankrupt after the company where he’d previously worked had imploded, Fred Luddy decided to start over as a first-time founder at age 50. His vision was to reinvent the nascent IT software field for the cloud era. What started as simple help desk replacement software would eventually become a ~$150B market cap company powering digital workflows across the enterprise—but success didn’t come easy. Initially bootstrapped and ultra-lean, the company’s infrastructure began buckling under its own success as customer demand spiked. When the legendary Frank Slootman joined as CEO to help scale the company, he describes being terrified to check his email every morning. Hear how Frank, Fred and the team stabilized the business, expanded their product offerings, and nearly made a $150B+ mistake by selling too early. Host: Roelof Botha, Sequoia Capital Featuring: Fred Luddy, Frank Slootman, Doug Leone, Pat Grady, Carl Eschenbach Transcript: https://www.sequoiacap.com/podcast/crucible-moments-servicenow/ 00:00 - Cold open 00:22 - Introduction 02:09 - Fred Luddy’s journey to coding 03:33 - Founding ServiceNow after financial ruin 07:11 - Finding product-market fit 15:16 - Finding a new CEO in Frank Slootman 22:19 - Overcoming scaling challenges 29:54 - Contemplating an acquisition offer 32:07 - Blocking the sale 38:17 - Lessons learned
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    42 m
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