Moritz once enumerated the challenges that this entailed: “recruitment, team building, setting of standards, questions of inspiration and motivation, avoiding complacency, the arrival of new competitors and the continual need to refresh ourselves and purge under-performers.”[9] From this long list, team building and the development of young talent were particular priorities. Sequoia believed in “nurturing the unknown, the homegrown, and what becomes the next generation,” as Moritz put it.
