Maguire said that Mamdani "comes from a culture that lies about everything. It's literally a virtue to lie if it advances his Islamist agenda. The West will learn this lesson the hard way."
Maguire is a MAGA supporter, so the projection of lying is... interesting.
I'm not sure this direct departure matters that much to Sequoia. The COO Balbale was an operating partner who was CMO of Sequoia for 2 years and then COO for another 2 years and to my understanding did not write checks. The real elephant in the room question was whether Balbale was in a role getting carry or not. If not, then that effectively isn't different from an incentive level than an associate with a higher salary (but no real skin in the game). If so, then that means that carry was actually given up and it probably means more.
In contrast, Maguire (like other partners at Sequoia who are actually writing checks) has skin in the game through the checks he writes and whether they pan out or they don't. In light of that, setting aside his views (which you may agree or disagree with politically), I view his controversy as being most likely a calculated marketing maneuver to improve or maximize the signal to noise in his deal flow. It's hard for me as an outsider to say whether that's working for him or not, but his track record suggests that he's not having problems with his deal flow as a result.
That said -- the material comment at the end of the article does make a lot of sense. While this departure may not affect Sequoia that much, Maguire's position may sour many of the Middle East sovereign wealth funds that form some of the largest parts of Sequoia's LP base. If their discontent with Maguire's rhetoric ends up being more important to them than Sequoia's returns, that may well pose a far more material issue to Sequoia and they will be forced to act.
> Maguire, an outspoken and high-profile investor who is close to Elon Musk, wrote on X in July that New York mayoral candidate Zohran Mamdani “comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda. The West will learn this lesson the hard way.”
Balbale complained to other senior partners at the firm, who declined to take action against Maguire, arguing he was just exercising his right to free speech, the people said. She left soon after, feeling her position was untenable.
If the same quote replaced 'Islamist' with another faith, would it have also been brushed off as "right to free speech"?
This dude really says some things without even analyzing how degressive they are; really tone deaf, pompous and disrespectful to large swaths of people. I mean, at least post this from your anime pfp alt account.
There's three names in that title, and none of them are explained in the tiny slice of an article that's free. Am I expected to just know who these random people are?
I think Elon is right about the idea of mind viruses. He just hasn't taken the premise far enough. All of us are infected by the algorithms around us, MAGA, Woke, MAHA ect. are all "mind viruses".
I doesn't matter how smart, compassionate, empathetic, creative or dynamic you are. As soon as you expose yourself to the algorithms you become infected. The more exposure the deeper the infection.
Looked at Shaun Maguire's twitter page and I find it appalling. Maybe I was naive about people in tech being more tolerant (as they both work with and build for diverse people).
I recall Shaun Maguire trying to interfere with European politics, specifically supporting AfD in Germany. Instantly lost my admiration towards Sequoia, the image I previously had about them was something like calm, deeply analytical grown ups. Turns out they are into petty daily politics that will not go anywhere other than stir drama, at least this Shaun guy. Still feels bad when I think about it, disillusionment is painful.
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[ 2.7 ms ] story [ 49.5 ms ] threadMaguire is a MAGA supporter, so the projection of lying is... interesting.
In contrast, Maguire (like other partners at Sequoia who are actually writing checks) has skin in the game through the checks he writes and whether they pan out or they don't. In light of that, setting aside his views (which you may agree or disagree with politically), I view his controversy as being most likely a calculated marketing maneuver to improve or maximize the signal to noise in his deal flow. It's hard for me as an outsider to say whether that's working for him or not, but his track record suggests that he's not having problems with his deal flow as a result.
That said -- the material comment at the end of the article does make a lot of sense. While this departure may not affect Sequoia that much, Maguire's position may sour many of the Middle East sovereign wealth funds that form some of the largest parts of Sequoia's LP base. If their discontent with Maguire's rhetoric ends up being more important to them than Sequoia's returns, that may well pose a far more material issue to Sequoia and they will be forced to act.
If the same quote replaced 'Islamist' with another faith, would it have also been brushed off as "right to free speech"?
I doesn't matter how smart, compassionate, empathetic, creative or dynamic you are. As soon as you expose yourself to the algorithms you become infected. The more exposure the deeper the infection.
They should have tossed him. They didn’t and now the way get to deal with the fallout of tacitly endorsing his positions.