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Sequoia Partner Doug Leone on a common fundraising mistake founders make

March 10, 2025

“First of all, I think founders have a right to maximize price… The founder needs to take care of maximizing price… But they have to understand that the very best deals are win-win deals… When I find founders optimizing for their own ownership at the cost of everything else, it shows me they just have no long-term perspective and that they don’t understand how business is carried out.”