There's a number of companies clearly that we wish we had invested in either at the early or at the moderate stage.

If you start a successful company in China at 11 A.M., by 2 P.M. there's three more companies like it.

We look at the number of engineers coming out of India; we look at the growth of the economy, and it's clear that India is a place we want to be.

We like companies that can get big and powerful on $50 million or less and not two, three, four or five billion.

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.

We've tried to build Sequoia Capital with an eye for the long term that we really look for in the companies we like to partner with.