Uncapped with Jack Altman Uncapped #36 | Pat Grady & Alfred Lin from Sequoia
714 snips
Dec 9, 2025 
Pat Grady and Alfred Lin, partners at Sequoia Capital, share insights into their stewardship roles within one of venture capital's most revered firms. They discuss the importance of conviction over consensus in decision-making, revealing how embracing risk leads to outsized returns. The duo outlines their unique framework for investment, emphasizing freedom within structured methodologies. They also touch on the pivotal role of exceptional engineers and the necessity of cultivating genuine relationships with founders to foster trust and success.
AI Snips
Chapters
Transcript
Episode notes
Measure Inputs, Not Just Outcomes
- Measure inputs like sourcing, memo quality, and meeting selection, not just outcomes.
- Review values and capabilities regularly to find and fix broken links in the value chain.
Track Outcomes And Record Rationale
- Track true/false positives and negatives over time to evaluate sourcing quality in real time.
- Keep short memos explaining passes so you remember why you made decisions.
Targeted Coverage Over Vanity Metrics
- Target ~70% coverage of deals peers invest in to balance breadth and avoid CYA meetings.
- Over-optimizing for quantitative metrics can incentivize bad behavior.