Money Maze Podcast

197: From the Shadow of the Death Camps to Leading Sequoia: A Family’s Journey Through Peril & Possibility (With Sir Michael Moritz)

Apr 2, 2026
Sir Michael Moritz, former journalist turned Sequoia partner and author of Auslander, reflects on a life shaped by history and Silicon Valley. He discusses what defines a brilliant entrepreneur, investing in Stripe and long-term compounding businesses. He also explores philanthropy decisions, researching his family’s Holocaust history, and rising concerns about antisemitism.
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INSIGHT

Why Europe Lags In Venture

  • Europe struggles in VC because markets are fragmented, success doesn't concentrate, and board governance lags.
  • Moritz notes America and China provide vast, homogenous markets and repeatable local success cycles missing in Europe.
ADVICE

Prioritize Long Term Compounding Businesses

  • Prefer long-term compounding businesses that generate growing cash and profits for decades.
  • Moritz excludes short opportunistic plays and values the capacity to hold and do nothing while compounding works.
INSIGHT

AI Will Create A Few Giants And Much Carnage

  • AI will likely produce one or two gargantuan winners while most others fail.
  • Moritz expects concentration of value among incumbents like Google and a few new leaders, with widespread wreckage elsewhere.
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