FIJISHI EPL

Pat Grady and Alfred Lin appointed Sequoia Capital co-stewards November 2025 following Roelof Botha's departure. Botha remains advisor. Pat Grady backed OpenAI and Harvey. Botha stated at TechCrunch Disrupt 2025 that "I'm from the government and I'm here to help" are among the most dangerous words regarding government equity stakes in AI companies. 70 percent of Sequoia's 2024 investments were in AI and machine learning companies. OpenAI raised USD 122 billion March 2026 at USD 852 billion valuation. OpenAI deployed in government contexts globally through AWS GovCloud federal contracts and Microsoft federal deployments. Harvey AI legal assistant deployed in government legal departments globally. No Sequoia investment thesis document specifies constitutional command architecture making portfolio company government deployments legally defensible when courts demand cryptographic proof of correct autonomous operation. VC return timeline measured in months to years from investment - constitutional accountability timeline measured from deployment through court ruling through compliance mandate - timelines do not intersect. Constitutional command doctrine cannot be produced by VC investment model.

Read paper: https://doi.org/10.5281/zenodo.21214005
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