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Venture capital is not an asset class, says Sequoia’s Roelof Botha | TechCrunch

Venture capital is not an asset class, says Sequoia’s Roelof Botha | TechCrunch

At TechCrunch Disrupt 2025, Sequoia managing partner Roelof Botha argued that the venture industry isn’t an asset class, and that throwing more money into Silicon Valley doesn’t lead to better companies.

“Investing in venture is a return-free risk,” Botha said during an interview on TechCrunch’s Disrupt’s main stage on Monday. “Anybody who’s studied the capital asset pricing model understands the joke of that. The reason I came up with this is, if you look at the history of venture capital, it’s an asset that’s uncorrelated with other asset classes.”

“And so the thinking for many allocators was you should allocate a certain percentage of your portfolio to this and more money should flow to venture capital, but the truth is that there are only so many companies that matter,” Botha continued.

“In my opinion, throwing more money into Silicon Valley doesn’t yield more great companies. It actually dilutes that, it actually makes it harder for us to get that small number of special companies to flourish,” added Botha.

Botha noted that there are currently 3,000 venture firms in the United States, while there were just 1,000 when he joined Sequoia 20 years ago.

“When I joined Sequoia 2003 there were no mobile devices,” said Botha “Cloud computing didn’t exist. There were maybe 300 million people on the planet that had access to the internet. So the scale of the opportunity today is completely different. If you look technically at the numbers, I think for the last 20 years, there’s roughly been $380 billion+ outcomes in the industry,” Botha said.

“That’s a significant number, but I don’t think it will continue to scale just with more money going into the industry.”

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                                                            SAVE 26%: As of July 27, you can get the Ecovacs Goat A3000 LiDAR Pro robotic lawn mower for ,849 at Amazon, down from ,499.99. That’s a 26% discount or 0.99 in savings.
    
    
                                                        
    
                                        
    
        
                                        
                                        
                    
                                                    ,849
                                                             at Amazon
                                                        ,499.99
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Pushing a heavy lawn mower through thick grass in the peak of summer heat is nobody’s idea of a good weekend. If you’ve been waiting for a reason to hand off your yard chores to a robot, now’s the time to pull out your wallet. 
        SEE ALSO:
        
            If you’re heading off-grid this summer, grab DJI’s portable power station while it’s half price
            
        
    
Amazon’s running a limited-time deal (you have about 14 hours left) on the Ecovacs Goat A3000 LiDAR Pro robotic lawn mower. Right now, you can get it for ,849 at Amazon, down from ,499.99. That’s a 26% discount or 0.99 in savings.
        
            Mashable Trend Report
        
        
    
Unlike older robotic mowers that require you to bury perimeter wires around your property, the Goat A3000 uses wire-free HoloScope 360 Dual-LiDAR navigation and an AI camera. It automatically maps yards up to 3/4 acre and maintains positioning accuracy within less than an inch, even under dense tree cover or along shaded fences. 
It also features a built-in TruEdge trimmer to clean up borders along driveways and garden beds, a 32V power system designed for thick grass types like Bermuda or St. Augustine, and a 7,500 mAh battery that recharges in 70 minutes.

                    
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Ecovacs Goat A3000 LiDAR Pro robotic lawn mower for $1,849 at Amazon, down from $2,499.99. That’s a 26% discount or $650.99 in savings.


$1,849 at Amazon
$2,499.99 Save $650.99

 

Pushing a heavy lawn mower through thick grass in the peak of summer heat is nobody’s idea of a good weekend. If you’ve been waiting for a reason to hand off your yard chores to a robot, now’s the time to pull out your wallet.

Amazon’s running a limited-time deal (you have about 14 hours left) on the Ecovacs Goat A3000 LiDAR Pro robotic lawn mower. Right now, you can get it for $1,849 at Amazon, down from $2,499.99. That’s a 26% discount or $650.99 in savings.

Unlike older robotic mowers that require you to bury perimeter wires around your property, the Goat A3000 uses wire-free HoloScope 360 Dual-LiDAR navigation and an AI camera. It automatically maps yards up to 3/4 acre and maintains positioning accuracy within less than an inch, even under dense tree cover or along shaded fences.

It also features a built-in TruEdge trimmer to clean up borders along driveways and garden beds, a 32V power system designed for thick grass types like Bermuda or St. Augustine, and a 7,500 mAh battery that recharges in 70 minutes.

#Ecovacs #Goat #A3000 #robot #lawn #mower #deal">Ecovacs Goat A3000 robot lawn mower deal

SAVE 26%: As of July 27, you can get the Ecovacs Goat A3000 LiDAR Pro robotic lawn mower for $1,849 at Amazon, down from $2,499.99. That’s a 26% discount or $650.99 in savings.


$1,849 at Amazon
$2,499.99 Save $650.99

 

Pushing a heavy lawn mower through thick grass in the peak of summer heat is nobody’s idea of a good weekend. If you’ve been waiting for a reason to hand off your yard chores to a robot, now’s the time to pull out your wallet.

Amazon’s running a limited-time deal (you have about 14 hours left) on the Ecovacs Goat A3000 LiDAR Pro robotic lawn mower. Right now, you can get it for $1,849 at Amazon, down from $2,499.99. That’s a 26% discount or $650.99 in savings.

Unlike older robotic mowers that require you to bury perimeter wires around your property, the Goat A3000 uses wire-free HoloScope 360 Dual-LiDAR navigation and an AI camera. It automatically maps yards up to 3/4 acre and maintains positioning accuracy within less than an inch, even under dense tree cover or along shaded fences.

It also features a built-in TruEdge trimmer to clean up borders along driveways and garden beds, a 32V power system designed for thick grass types like Bermuda or St. Augustine, and a 7,500 mAh battery that recharges in 70 minutes.

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