Technology's Future

Why Peter High’s interview with Sequoia’s Jeff Pashalides on Technology's Future is a Must Read

Before we dive into technology’s future according to a venture capitalist I wanted to make an observation that illustrates why I hand picked this article for this blog post.

It’s funny, but some of us put all Venture Capitalists and firms into one bucket. A bucket that has them all in the same class. After all, if you’re the founder of your first startup and a “VC” contacts you what’s your initial reaction? Holy shiitake mushroom….a VC is interested in funding us! Wow!

Like any industry there are truly amazing leaders (people) and great companies. But, there are also people masquerading as leaders and yup, some companies just plain suck. So, when it comes to VCs, and Angel Networks for that matter, not all are created equal.

One of the most successful Venture Capital firms on the planet is Sequoia Capital. Here’s are some reasons why:

  • They have the most VC Partners on CB Insights/New York Times The Top 100 Venture Capitalists
  • They invest across all start up stages: incubation, seed stage, startup stage, early stage, and growth stage investments in private companies [Source]
  • Sequoia investments account for 22% of the Nasdaq. This is real world valuation!  [Source]
  • They’re a leader as proven by their “Scout Program” now being adopted by nine other Venture Capital firms

So, when I came across Peter High’s Forbes interview with Jeff Pashalides, the Head of Corporate at Sequoia, it was a must read post regardless of the topic!  In this case the topic was extremely interesting and compelling: “The Future of Technology”! Everyone interested in technology’s future will read this! Won’t they?

Well, in case you don’t (you should) here are  five key things that stuck out for me that should make you head over to Peter’s post!

Technology’s Future Depends on Community and Cross Engagement

  • Sequoia believes that practitioners, the venture community and the founders community must be symbiotic. Symbiotic is defined as: involving interaction between two different organisms living [and/or working]  in close physical association; denoting a mutually beneficial relationship between different people or groups.
  • Sequoia runs formal and informal activities and events for CIOs. They create collisions and interactions among CIOs from startups, scale ups and mainstream companies. These exchanges help build relationships, identify gaps and synergies around new ideas, emerging technologies and innovations. They impact technology’s future.

RELATED: Learn about my tech community venture Silicon Halton and Tech Entrepreneur Excelerater: TechIgniters™.

What’s on the Mind of Enterprise CIOs Today

  • The number one priority for CIOs, now and the foreseeable future, is security.
  • The most interesting topic among CIOs is artificial intelligence. But, according to Pashalides, “every enterprise company has rebranded themselves as artificial intelligence, even if what they are doing looks more similar to predictive analytics, which has existed for some time.”
  • Finally,  the public cloud is an open question and top of mind for CIOs when it comes to deciding what workloads, and data, can be trusted and secure on someone else’s servers. After all “the cloud” is simply just someone else’s data centre.

If you want to keep your finger on the pulse of the tech industry read Peter High’s Forbes column, follow Jeff Pashalides and Sequoia on Twitter.

 

Chris HerbertChris Herbert is the founder of Mi6. Mi6 is a B2B (Business to Business) marketing and business development agency dedicated to helping companies build their brands and develop commercial relationships. He is the founder of ProductCamp Toronto and the Hi-tech community Silicon Halton. He tweets under the handle @B2Bspecialist.