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- Doug Leone compared AI to mobile devices and the internet in terms of technological impact.
- Great companies often emerge in tough times, and easy money can be bad for founders, he said.
- The former Sequoia Capital chief explained what he looks for in people, and how he judges them.
World-beating businesses are often born in tough times, easy money spoils company founders, and artificial-intelligence tools like ChatGPT are part of a new technology paradigm, Doug Leone has said.
Leone is a legendary venture capitalist who led Sequoia Capital for over 25 years. He praised Elon Musk's ambition, revealed the traits and attitudes he looks for in people, and cautioned against becoming a VC just to get rich.