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Doug Leone says fear still drives his comeback at Sequoia

Sequoia partner Doug Leone told Business Insider that fear and a desire to remain relevant have shaped his career, including his return to the firm and a Novocaine-free root canal before a meeting.

A bald man seated in a white armchair on a conference stage, raising one hand, with a Web Summit-style backdrop behind him. Photo: Web Summit via Wikimedia Commons · CC BY 2.0

Doug Leone has described fear, rather than grand ambition, as a force that has shaped his career. Business Insider reported that Leone discussed that outlook during an interview on the David Senra podcast released Sunday. He connected that idea to a dental ordeal in which he underwent a root canal without a numbing drug before a meeting.

In an email to Business Insider, Leone said the choice had a practical explanation: he had another meeting afterward, and his dentist warned that Novocaine could affect how he sounded or looked. Leone said the episode reflects how several of his most consequential decisions came from anxiety about falling behind rather than from a sweeping ambition. He described his career changes as responses to a strong need to remain relevant.

During the podcast, Leone also said fear supplies him with a challenge to overcome and, in turn, a sense of security. The dental story later circulated online, where posts compared Leone’s pain tolerance with the fictional exploits associated with Chuck Norris. Leone also recounted that he became a partner at Sequoia Capital in 1993 after a divorce left him homeless and with only an allowance covering a monthly car note.

He said he used his car as a place to sleep for a week, showered at 3000 Sand Hill Road and had run out of money. Leone nevertheless viewed the hardship as temporary because he expected his future earnings to be strong. His time at Sequoia Capital stretched from 1988 to 2022, during which he rose to become managing partner.

He stepped down in 2022 at age 65 and returned in March as enthusiasm around AI investing renewed his interest in the firm. Since returning, Leone has portrayed himself as a low-level analyst who needs to prove himself to avoid becoming irrelevant. He said that if he still felt irrelevant nine months after his return, he might take himself, while also wondering whether he could repeat the experience.

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