Another was industrials. Honestly, at the end of my PhD I had three full-time jobs. Jeongwan was just finishing his PhD at that time, and that was a really exciting result that a lot of people were very interested in. LayerZero is an omnichain interoperability protocol that enables trustless cross-chain dApp development. Sequoia's Shaun Maguire and Vise's Samir Vasavada will talk success in (Sequoia will have two board seats at the company, held by Gupta, who focuses on later-stage investments, and Sequoia partner Shaun Maguire, whose concentration is on investing in early-stage . A saddle is what we call negatively curved. Michael Moritz. MAGUIRE: I think something that's hard for people to understand about me is that I've always been doing multiple things in parallel my whole life. ZIERLER: Does the comparison hold up insofar as with solar startups, we knew what solar would be good for, right? But as a grad student, especially a social one, you already knew a lot of those people. Now, power cost per watt generated by solar is roughly one-tenth of fossil fuels at this point, depending on where you are. Join Facebook to connect with Shaun Maguire and others you may know. He received an undergraduate degree from the University of Southern . It was when I was at DARPA, that's when I got exposed to quantum information. View twitter profile View linkedin profile Get in touch with Cornelius Cornelius Menke. That's the way I would describe it. Candidly, with my background of 1.8 GPA in high school and an F in algebra 2, beggars can't be choosers. Posted By : / how do i access my talk21 email /; Under :eaglestone village lambertville, mieaglestone village lambertville, mi It evolved over the next ten years with people like Arthur Rock with Intel and others, and it, around the mid-70s, stabilized in the model that we have today. A spherical drum makes a different sound than an oval drum, which makes a different sound than a square drum. In some ways there's a parallel to the past. But I think he's testing people's commitment, which I think is a really smart strategy that not enough people do. Will you sign this thing for me?" When I was getting recruited by other funds, Patrick was aware. You have to claw your way from hell to get to the edge. I think that on the grad student level, the evolution from IQI to IQIM wasn't that big of a deal. I was doing all three. Moore's law had to keep running for an extra five years, and no one knew how long it would run for. When you go and you're around such incredible, brilliant people that go on to do such amazing thingsbeing around so many Nobel Prize winners for example, or knowing that a couple people in your class are going to go win Nobel Prizes, it forces you to say, "Well, if they can do it, what's holding me back? Did you have any interface with that world? The Boring Company creates safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels. It's going to be fun. Even within string theory, there are many different branches and ideas. That was the next huge jump in this area. Shaun Maguire: Sequoia Capital has historically had several types of technology funds that match the size of the companies we've invested in. MAGUIRE: Yeah. ZIERLER: The point of connection to Sequoia, how did that happen? At Sequoia, we have a lot of these flywheels, if I'm honest. The first one was a failure, three of them have been successful, and one is too early to call. The vast majority of the individual solar companies failed, but the whole category has been incredibly successful. People would know who he is and know the companies he started. I've also been fascinated by computers, which I would say is slightly different than science. Then, sometime in tenth grade decided I just had to leave school, so I took this thing called the California High School Proficiency Exam which is a GED equivalency, and left, and went to community college for two years while my friends were finishing high school. I was kind of doing both: doing the company and grad school. It wouldn't have been relevant in a five year time frame, but relevant in a fifteen year time frame. I did horribly in high school. Where were you for your undergrad? I jumped in the conversation, because honestly I didn't like the way the guy was talking to Patrick, and Patrick was right. It's easy to understand the calculations, but it gave me this really deepthe answer here is that space is not flat, and your intuition for flat geometry is completely wrong. MAGUIRE: I would say they're very similar, and with solar, it wasn't as clear. I emailed him from Afghanistan and said, "I'm coming back to Caltech. MAGUIRE: I'm actually not so sure about that. It was a happy accident. It's an interesting thing, because I think John changes many people's lives. What was some of that original work for you? The crypto category has dealt with plenty of skeptics, some in the venture capital community, who believe that the sectors benefits are being oversold and that the web3 promise of decentralization is just smoke and mirrors. At that moment, he becomes your advisor. ZIERLER: You mentioned on a day to day basis you utilize your expertise in quantum information fairly rarely. Right now, machine learning is probably the field that's moving the fastest, so right now I'm actually probably spending more time reading the machine learning literature than, say, the quantum information literature. I didn't really have much of a formal background in it or anything. That sort of developed over time? He is a Director of AMP Robotics, Gather, Physna, and Vise. I started at Stanford in 2007 and moved to Caltech in 2009. I'd been at Google Ventures for three years, and I had the opportunity to move to Sequoia which is the best venture capital firm in the world, so it was hard to say no to. People don't really use that as an example. ZIERLER: Was Alexei accessible? From the time I was 9, Ive been obsessed with space. Solar starting in the early 2000s2003 to like 2012 got incredible attention both from VCs but also from government subsidies. Shaun Maguire's transition from quantum information at Caltech to venture capital at Sequoia makes perfect sense only if one appreciates that in rare cases, the pursuit of a PhD is an expression of pure curiosity, totally disconnected from career ambitions. Shaun Maguire - Partner @ Sequoia Capital - CrunchBase That was a very exciting time, so a lot of people both in quantum information and also in high-energy physics, people all came from those two extremes and all came to the same problem. Mark Wise. I think that, to put John in that category, one of the things I always really admired about John is he had changed fields many times and risen to the top of many different fields, like, started off in really high-energy physics, dark matter work, hardcore high-energy physics, and then he moved to Stephen Hawking style quantum aspects of black holes I would say was the second major area. It's obvious that for things like material science, when quantum computers are powerful enough, they will play an important role in material discovery. They're not that" They're really, really smart, but having that exposure really raises your own personal ambition. Very few VCs made any money on solar. They've lost a lot of the goodwill of public markets. The Wire Digital is helping global businesses make smarter decisions. Then that person got mad and left the conversation and left Patrick and me talking. I won an NSF Graduate Fellowship and NDSEG Graduate Fellowship, and I kind of in my head had this realization that I was only at Stanford doing probability because that's the thing that I got recommendations for. I think there are probably actually wormholes, but it doesn't matter for the sake of the work. MAGUIRE: It's what Stephen Hawking is famous for, but I didn't understand at all the stuff Hawking had done. What advice should first-time founders heed? He was an amateur astronomer, and sometimes with my friend Brandon, he had like an eight inch telescope, and we'd go look at stuff in the sky. ZIERLER: As you were surveying all of these ideas, where did you see a niche? I still don'tno oneI don't know anything about quantum mechanics. The only area where I actually knew something was probability, which was an area that I had spent five years or whatever, so that was an area where I knew something. He had a couple PhD students that were about my age or a little older who became good friends. These guys all became my good friends. I also, though, I think a lot of string theorists have gotten a bad rap. It became a program. I think I will definitely have more involvement with Caltech at some point in my life. So, I've always been attracted to people like that. I think some of the physicists didn't quite understand the math language that he was using, but Alexei is a path breaker. I think some people would be different than me, but I don't feel like I have to be the one to push it forward. My goal with the PhD was just to get to the cutting edge of knowledge in that field, because these things had kept me up in the middle of the night as a little kid, literally, for a long time. There's a very similar result in hyperbolic geometry which basically says the eigenvalues that correspond to waves moving in negatively curved space follow these very specific rules, and there's some really beautiful aspect, and there's actually a relationship between those thingsbetween those waves and the eigenvalues that come from the waves, and the geometry in these geometric data. Shaun Maguire, Partner, Sequoia Capital - Topio Networks Dr. Shaun Maguire serves as a Partner at Sequoia Capital. NFL legend JJ Watt and wife Kealia invest in Burnley I viewed that field, the stuff that John was working on, as the absolute top of physics, and I didn't think I had the background yet to be in that world. Before, there was too much incompatibility in the languages these fields would use, so it was just hard to even communicate. MAGUIRE: Those are days you don't want to remember. Backstory. One thing that I think is close to Bell Labs from a different direction right now is Deep Mind. I'm not talking about on a physics level. Because I had come from a math background, I found that yes, I could talk to Alexei. Sequoia is a 50 year old venture capital firm based in Menlo Parkone of the preeminent venture capital firms in the world that backed, in their early days, Apple, Atari, Cisco, Oracle, companies like that. What were people excited about? ZIERLER: Coming in in 2012, did you recognize the transition from IQI to IQIM? As someone who loves quantum information, I'll be thrilled with that. I think there's a second thing. Just to give you some examples of people from different domains, in mathematics there's this guy, Bill Thurston, who pioneered hyperbolic geometry. BCS national champion ( 2013) Sean Maguire (born March 11, 1994) is an American football quarterback. It was still pretty easy for me. There are a lot of candidate theories that fit under that umbrella. It's too far outside of our tools right now, and we really don't know what direction to go. I was really doing a lot. Shaun Maguire - Biography In that toy regime of three dimensional anti-de Sitter space, there's a concrete relationship where the more curved the geometry is, the more tangled the geometry is, the higher a lower bound would be on the masses allowed of particles in there. So, I've been absolutely fascinated by business since I was a little kid. Physicists say all the time, "Simulating physical systems: quantum computers are clearly going to be important for that." That then led to a lot of evolutions over time. Many would disagree with me, but I actually think it takes away from the quality of research at Stanford. He just gives you breadcrumbs along the way when you need them. An Inside Look at Sequoia Capital | Shaun Maguire x Nader Al-Naji He had, every Wednesday morning, a group of literally three kids that were interested in these things, so we would go and he would teach us some mathematical problem solving. Shaun Maguire (smc.eth) (@shaunmmaguire) / Twitter You can't have spaceships traveling away in a straight line from a Euclidean geometry perspective. Before black holes, a prerequisite to understand them is you have to know some general relativity. I try to keep up with all those fields. But they were talking about quantum computing. He had founded this tiny little department called Control and Dynamical Systems. It became a $110 million program. ZIERLER: [laughs] Shaun, this has been a great conversation. One was the stock market. I think it's a good thing. Shaun is a Partner at Sequoia Capital. Magic Eden is the leading destination for NFT discovery, expression, and ownership across digital cultures. MAGUIRE: The day after I defended, I flew to Israel to get married, literally. These things change over time. Sequoia Partner, Shaun Maguire, said, "We have a long-term view on crypto that it's a megatrend over the next 20 years." In the same interview, Maguire said that the crypto fund would invest in tokens like Bitcoin, Ethereum, and Dogecoin. They said, "Man, I love Dylan, but like, I can do it, too. It may seem like a really small thing, but it's the only clue we have that there needs to be something new. I don't know what shape or form that will take. Could you have gone back? He's a professor I believe now at Chapman University, spent the early part of his career in Israel. There's two things. Why Sequoia, Others Bet $40 Million on an Anonymous Crypto Founder He showed that in a specific sub-version of string theory, that that holographic principle would hold exactly true, and this result, I think it was in 1998, but in the late 90s became called what's called AdS/CFT, anti-de Sitter space, which is on the general relativity geometry side, and CFT, conformal field theory, which is on the high-energy physics quantum field theory side of the equation. One of the most high-profile ones was Global Crossing, which was this company that was the fastest company ever at the time to get a billion dollar valuation. ZIERLER: Once you started going to group meetings at IQI, what were your impressions? I didn't even know about math competitions. I would almost say in a lot of ways it was similar to Maxwell's demon paradox, which was in the late 1800s. When I was in sixth grade, NASA had this program called SAREX, Satellite Amateur Radio Experiment. That paradox really came from AdS/CFT line of thinking, and for these things like anti-de Sitter space, very intuitively, very naivelyto back up one step, you can think of objects in space, for example, any two dimensional surface: it's either got negative curvature, zero curvature, or positive curvature. But photons are always moving, and they have a mass when they're actually moving from a relativistic perspective. At my job I'm dealing with incredible rate of change, I'm dealing with incredible amounts of data, and physics gives you frameworks to make sense of all this and try to come up with heuristic laws and ways to think about things which are very powerful for investing. When I first went to John's group, it was like 20 people in the meeting, once a week getting together, people having lunch together during the day sharing ideas, people working on many different topics, working on the future of computing, algorithms for that, hardware for that, working on black holes, working on fundamental quantum mechanics, paradoxes in quantum mechanics, things like this, condensed matter physics. It's a little unusual in that on the company side I was doing it becausethe reason why I was doing the company, in a lot of ways, is I got lucky. Some of the big ideasone that John was involved in was bringing in the ideas of error correcting codes, that nature might be behaving like a quantum error correcting code on some really fundamental level. ZIERLER: Anything memorable from the defense? I pitched everyoneexcept Sequoia, because they had a conflict. MAGUIRE: My academic background is pretty unusual. Jerry was one of these rare people that decided, I'm going to go back to the fundamentals, go back to classical mechanics, and try to understand that really, really well and figure out important things there. In some ways, one way to view whats happening in crypto right now is its almost like throwing all the old rules out and starting with a blank canvas.. Another is just the network of people. For months, when I was 13, I couldn't sleep at night because there was a thought experiment I couldn't understand. Some of these things are so dependent on so many other variables. There's always more to learn, so I'm always playing catch-up. His name is Doug Borcoman [?]. r2C is a defensive cybersecurity automation company with an open-source static analysis tool. ZIERLER: Shaun, we'll get to this in real time, but did you always have a business streak, an entrepreneurial streak that you always wanted to actualize? It's a very interesting style. Earlier this year, Sequoia announced a $500 to $600 million sub-fund dedicated exclusively to buying up cryptocurrencies. Prior to joining Sequoia in 2019, Dr. Maguire was a Partner at GV, where he led their . Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto Another is this idea that people have called ER = EPREinstein-Rosen equals Einstein-Podolsky-Rosen. Growing up, I had a cousin who studied computer science at UCLA, who made a huge impact on me. MAGUIRE: Many, many things. I had literally never done one. By normal human standards, I'm an introvert. Founders Fund had flown us to an island off Vancouver Island in British Columbia. So, I didn't really know anyone at Sequoia, but I was getting recruited by other firms. Now at this point I'm maybe a 25 year old or something, I think was when I was coming back to Caltech. Maguire said that more important than decentralization for its own sake, is the ability of users to be able to leave with their identity and data, an effort which should protect consumers from platform overreach. Skip to main content. I missed more than the legal number of days in the state of California due to three or four factors, so I was just kind of sat on my computer and doing my own things. In a conversation on TechCrunch's new web3 podcast Chain Reaction, Sequoia crypto partner Shaun Maguire talked about the firm's commitment to the sector, regulatory challenges and what plenty. I've already noticed in the last week, I've had many founders in our portfolio come to me, and it's raised their ambition. Or is it something entirely. Facebook gives people the power to. Honeywell I don't think is a great comp; they don't have the same profit engine that Bell Labs has. Was that a connecting point to Sequoia? I've been reading your notes from Afghanistan." He was always accessible. So, that's one thing that is really powerful. Rob is another legend of the field. When I proposed to my wife, I blacked out that day. I was lucky enough to work with him. NFL hero JJ Watt and his wife, former United States international Kealia, have invested in English football team Burnley as they bid to usher in a new era of success at the club.. Burnley, coached . I don't even really remember. But even more important to me is someone thats just irrationally motivated. ZIERLER: Awesome. Look at solar. My job as a VC is much more about business strategy, hiring people, managing people, understanding human psychology, understanding market psychology, understanding where the puck is going in terms of technological trends, things like that. John asks incredible questions. So, I basically made that decision a long time ago that I wouldn't do it. I was chairman of my company. ZIERLER: Finally Shaun, going forward, do you have a fluid view about your relationship with academia? I made a lot of my closest friends from Caltech. Dr. Maguire is also on the board of 5 other companies. Anyway, a bit of an aside. The media built them up. I wasn't really going to school, so I wasn't doing math competitions or anything. There are probably a thousand solar companies started in that ten year window and at most two or three of them that are meaningful today. You need physics to understand that. I led the Series A in IonQ, which is one of these first wave quantum hardware companies, which a bunch of people at Caltech knowlike Chris Monroe and Jungsang Kim, the founders of the companywell. ZIERLER: Shaun, in your day to day role at Sequoia, are you bringing your quantum information expertise? As an investor, you want to have intuition, but you also need to check your intuition with lots of diligence on things. So, I really love academia. I tried to do the John Preskill Socratic method: ask some questions that would reveal the other person didn't know what he was talking about. I was probably taking eight classes a quarter. That was one thing, Alexei. Privy makes Simple APIs to manage user data off-chain. Shaun Maguire (PhD '18), Quantum Researcher and Venture Capitalist What were people excited about at that point? MAGUIRE: Honestly, yeah. They'll build someone up and then they'll tear them down. I think what were seeing is a lot of the crypto community is actually coming back in 90% of the situations and realizing that, Oh, actually, the way things were done in the past was actually pretty good and got there for an optimal reason, But 10% is like radically different and you can kind of meaningfully improve the whole system by getting some of those things right.. In my job as a founder of companies and partner at Sequoia and all this, being on lots of boards, I deal with the media a lot. Shaun Maguire, Sequoia Capital Ltd: Profile and Biography I literally couldn't sleep as a kid, I would just think about special relativity. For whatever reason, its their life mission to try to revolutionize the industry theyre going after. When did that start for you? That's a global statement about the object for any surface or three dimensional manifold, etc.
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