There is a heared-crisis weather management method, where one says nothing and waits to lose anger. For capital Sequoia, it is good to work on this week’s strategy. While Shaun Maguire Partner at first CHECKED IN TEST Within an inflammatory social media post, which is easily cooled by first anger. Today, others think that opposition to maguire arrangements can still strengthen his position. Business Insider True Calls It “Great for the Deal flow“- controversy as the advantage of competition.
Sequoia’s computed gambling lets real danger, however. Another provocative post from Maguire who hit the wrong nerves, a political air transition, or progressive consequences of their unrealized companion from a wealth that no longer interrupts.
A professional communication of crisis in charge of reputation for many major brands relates to this editor, “companies like Sequoia are things that are not.”
What happened
Sequoia’s visit was tried earlier this week when the venture company was found in the eye of a storm in Morair Mayoral candidate Zohran Mamdani. Maguire called him an “Islamist” “from a culture that is all” on July 4 Tweet of x previously regarded as more than five million moments. More than a thousand signatures are poured into a petition Sequoia asks the comments, investigate the conduct of the maguire, and forgive.
There’s a lot of talking about why Sequoia didn’t do it, with lots of outlets noting that Maguire isn’t just with. This condition is part of his friendship with Stripe Co-founder Patrick Collison. According to the reports, in a 2015 fund activity, then an arbitrator moves the fund that supports a dispute to compute Anduril united, the friendship of collison. Connection proved valuable when Maguire includes Google Ventures in 2016; He helped secure a $ 20 million stripe investment in his first week. When Maguire left Google Ventures in 2019, Collison personally recommended him to Sequoia’s companions. (Stripe is in sequoia portfolio since 2010with strong investment More than $ 500 million over 15 years.)
Maguire also led to investment in sequoia on the bridge, a stablecoin platform obtained by stripe $ 1.1 billionAnd Sequoia’s reported link to Elon Musk, even if he was not linked to it. Sequoia’s global leader, Roelof Botha, both native South Africa and knows each other for more than 25 years to go for their time to go their time to go to the stood of the Musek.
Despite that long long relationship, both do not always see eye eyes. Botha is very critical of musk’s management style when musk is the CEO of united company on x.com/paypal, where Botha Cfo. list once told Veteran Journalist Ebbe Dommisse, “I think it’s killed by the company if Elon stayed in a six more months. The errors Elon doing during the hazard of business danger.” But musk is in odd greater than the whole crew of time, and those tensions have been long since RESOLVED.
The biggest point here: If handling tense dollars on properties and your company’s reputation such as Google, strute, and nVidia, you can’t drop a rainfall.
Meanwhile, Maguir behavior suggests that he does not support. After issuing a 30-minute video In x in the last week where he apologized to most – saying he is a point about a political ideology and not one about a religion – he doubles with more aggressive posts this week. He admits that he has “reverse engineered” his or her structure of the critic “and threatened to” humiliate “against him. He added that he was” 1% of the people on the Internet. “
The silent treatment
Sequoia mainly approach it in this situation. History company gives partners in its contents to express themselves publicly, with numbers to want Doug Leone and Michael Moritz (Who The company has left Of 2023) represents different political views.
But there is an important difference between political and incendiary rhetoric and clear of some, the comments of the maguire are more than partisan territorial participants and potential political partners.
It is also worth noting that even for sequoia, there is a bright line. Michael Goguen, another, in the first rainfall of the company, immediately The door shows When Sequoia learned a law of sexual abuse filed against him. Conditions are not exactly compared; Goguen’s issues are legal and personal, not ideologically. At the same time, Sequoia shows that it does not want to circle wagon any costs, not if its reputation is full.
Perhaps, many reasons notify Do-Sequoia strategy, including how easy people are, facing frequent news breaks, moving from a scandal. The company also operates on various political landscape in today with Donald Trump’s victory and Rollback of dei initiatives for controversial language. Can last at the end of the career at an earlier point in time now quickly targeted.
More than moving political air, the company is likely to change the fact that while founations like companions that fit in traditional, more successful. Startups inserted by many major companies do not want or agree to Maguire, but when Sequoia arrives calling the track record, most of the builders are welcome open arms.
Of course, there is real possibilities too, that sequoia is working on a contingency plan. .
However Sequoia’s silence brings risks. Not all sigers have confirmed, but the petition against Maguire includes the names of some prominent executives in the east, and they represent a distinctive, global talent of Sequoia dependent. By not responding to controversy, sequoia risks can be seen as seeking to endorse Maguire’s views.
Put another way, even if the world capital capital of history history is more forgiving Controversial people With extraordinary flow of agreement, strong is to gamble reputation to an increasingly connected to the world market where regional markets and communities bring true business results.
If the bet paid to pay depends on how long the controversies have been silent, what the true cost of sequoia is, and if the family can stop the urge to withdraw the sequoia’s lefect with sequoia’s in the sequoia’s own brick. (He said he didn’t post anything else “excrutiatly thought. “)
History suggests that established financial companies with strong track records are likely to develop their scandals, even seriously. When Apollo Global Management Black resigned at 2021 Within his $ 158 million payments to Jeffrey Epstein, the stock of the company without moving and shareholders as most are not reliable. Apollo just keeps aggressively to make the deal under new leadership.
Similarly, Kleiner Perkins saved at Ellen Pao’s high profile Prejudice to Gender case in 2015. But years took and significant one Full New Team For stolen firm firmly to recover the foot of the Silicon Valley hierarchy. The lesson here may even be controversial partners can be settled, repair timelines may vary depending on how the firms manage the crisis.
Today, the professional crisis professional, which demands unnamed, has some advice for maguire and, through extension, sequoia. About video maguire printed on his initial commentary, experts said, “I think that asking for ambiguities in (Maguire’s) post – you need certainly Are interested in watching it. “
If next time, the professional said, Maguire should “do two videos – one of three minutes” and another, higher video, for anyone who wants to watch.
Sometimes, experts add, “more than more.”
