Founder and managing partner of Lead Edge Capital, a growth-equity firm. He has led investments in companies including Alibaba, Asana, ByteDance, and Grafana.
Unable to buy primary or direct secondary due to Sequoia control; purchased LP interests in early Zoom backers via fund derivative, gaining economic exposure without control or information rights, achieving 2-3x return.
Bought at 10x revenue growing 150%; sold secondary at $40-50 (6 years ago) to lock in forward IRR; believes stock is cheap at $30 but disciplined exit strategy prioritizes IRR over holding.
Early investor in Grafana Labs, an infrastructure monitoring competitor to Datadog; notes consumption-based model growth rates of high-20s to 30% at scale with excellent economics, driven by AI agent resource consumption exceeding human usage.