Venture capital is not an investment category, says Roelof Botha | from Sequoia TechCrunch

At TechCrunch Disrupt 2025, Roelof Botha, managing partner of Sequoia, argued that the venture industry is not an asset class and that throwing more money into Silicon Valley does not lead to better companies. “Investing in venture capital is a risk without return,” Botha said Monday during an interview on the main stage of TechCrunch’s […]