United States, Venture Capitalist July 4, 1957
Douglas M. Leone (born July 4, 1957) is an American billionaire venture capitalist with Sequoia Capital.
If you start a successful company in China at 11 A.M., by 2 P.M. there's three more companies like it.
The trick is, a market has to be nonexistent when you start. If the market is large early on, you will have too many competitors. You have to make it large.
The venture industry is both quite vibrant and quite competitive.
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