# Uncapped #36 | Pat Grady & Alfred Lin from Sequoia

Page: https://stenobird.com/podcast/uncapped-with-jack-altman-7251833/uncapped-36-pat-grady-alfred-lin-from-sequoia
Text version: https://stenobird.com/podcast/uncapped-with-jack-altman-7251833/uncapped-36-pat-grady-alfred-lin-from-sequoia.md
Podcast: [Uncapped with Jack Altman](https://stenobird.com/podcast/uncapped-with-jack-altman-7251833)
Published: 2025-12-09T10:00:00+00:00
Episode link: https://traffic.megaphone.fm/PDP8529751172.mp3
Audio file: https://traffic.megaphone.fm/PDP8529751172.mp3
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JSON: https://stenobird.com/v1/public/podcasts/uncapped-with-jack-altman-7251833/episodes/uncapped-36-pat-grady-alfred-lin-from-sequoia
Duration seconds: 4178

## Resource

Pat Grady and Alfred Lin are partners at Sequoia and were recently named as the storied firm’s new co-stewards. Alfred joined the firm in 2010, where he has led major investments into category-defining companies like Airbnb, DoorDash, and Kalshi. Pat has been a partner at the firm for nearly 19 years and has led Sequoia’s growth-stage investing since 2015, backing companies like Snowflake, OpenAI, and Harvey. In this episode, we unpack how Sequoia actually works: their partnership model, how they pick outliers, and what stewardship means inside one of the most respected firms in venture capital. Some highlights: Consensus doesn’t matter, conviction does Freedom within frameworks: see, pick, win, help, harvest Mid-funnel decisions are the most important The two fears that lead to bad decisions To do this business well, you need courage --- Timestamps: (0:00) Intro (1:01) Initial mindset as stewards (4:30) The business of outliers (6:27) Managing the inputs in venture (12:11) Sourcing coverage goals (17:57) Seeing the right companies (22:36) Proprietary map of talent (24:39) The impact of great engineers (29:06) Picking winners with conviction (36:26) Coaching asymmetry into picking (43:16) Mentoring younger investors (46:45) Frameworks on picking (53:20) What it takes to win (58:32) How to onboard with a founder (1:02:59) Proudest board seats (1:06:12) 2026 in the new roles --- More on Pat & Alfred: https://sequoiacap.com/ https://x.com/gradypb https://x.com/Alfred_Lin More on Jack: https://www.altcap.com/ https://x.com/jaltma --- https://linktr.ee/uncappedpod Email: friends@uncappedpod.com

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