The pitch deck you give to Sequioa partners is not a description of your current business. It's a proof of concept that shows how much the market you're enterin

The pitch deck you give to Sequioa partners is not a description of your current business. It's a proof of concept that shows how much the market you're entering is worth and a long term vision of how you can carve a significant piece out of it. So you don't go in saying "hey look we can make a trillion dollars doing arbitrage between American, Japanese and Korean exchanges." You go in showing that your work doing the former proved the existence of a massive market for crypto securities and derivatives, and how you're uniquely positioned to capitalize on that market. And if they believe in the existence of that market and the founders are able to execute they'll invest. That's what they mean about investing in founders and teams.