Sequoia Capital's Doug Leone identifies some of the signs that indicate when a startup might want to revisit its business strategy. Beyond listening to customers, Leone says entrepreneurs should consider pivoting if they find themselves making sub-optimal short-term decisions that they'll have to pay for in the long run. He speaks with Toby Corey, lecturer with the Stanford Technology Ventures Program.

PlanGrid's Tracy Young and Doug Leone of the venture-capital firm Sequoia talk about prioritizing challenges at a startup and knowing when one has potential to succeed. Leone explains how a company must first achieve product-market fit, and how PlanGrid secured funding from Sequoia because the startup solved an actual problem the founders faced. Toby Corey, lecturer in Stanford's Department of Management Science & Engineering, interviews.

Doug Leone, global managing partner at the venture-capital firm Sequoia, discusses the value that a good VC partner can bring to an entrepreneur, especially during challenging times. The right partner plays an active, supportive role in helping startup founders recruit the best executives, bringing in business-operations experts and generally putting the venture’s leaders in a position to succeed.