INFERNO Start with only a little money. It forces discipline and focus. A huge market with customers yearning for a product developed by great engineers requires very little firepower.

So why does it require large vc firms?

Majority of Sequoia companies become billion dollar businesses and sequoia invests few million in them. In fact for companies like Yahoo it started with few hundred thousands. So what they are saying is not wrong.

If you can do a lot with a little, imagine what you can do when given a lot.