20VC: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta | How to Play AI in the Public Markets | China & Europe: Is the Future Bleak | The Opportunity for Crossover Funds with Jeff Wang, Managing Partner @ SCGE

1769.275 - 1792.908 Jeff Wang

So yes, we want to pick the best company, but we definitely better pick the right theme. And so for us, 70% of our research process is actually upfront on the theme and only 30% on the actual company. And so the example that you gave there, I think we'd be positive both Shopify and Amazon. I don't know which is the first ship to get there, but we are positive overall on that theme.