Collaborative Fund has launched AIR, a new accelerator for design-led AI products, inspired by institutions that reshaped creative possibility in their time. As part of the recruitment process, they spoke to Tom McMurray, former General Partner at Sequoia, who helped shape Silicon Valley's first golden age. McMurray shared his insights on pattern recognition, capital discipline, and why he's an investor in AIR. He explained that Sequoia's success was due to their expertise in semiconductors and enterprise software, which allowed them to understand the real risks in companies they invested in. He also shared the story of how Sequoia invested in Nvidia, which was a key moment in their history. When asked about AIR, McMurray said that it reproduces the conditions that made Sequoia's hallways electric in the '90s, bringing together builders, and designers who argue, prototype, and iterate in the same room. He advised AIR founders to lean on their wins, learn from them, and apply it as they expand and iterate. McMurray also shared his thoughts on AI, saying that jobs evolve faster than they evaporate, and bias follows data, not silicon. Finally, he said that the most important question to ask a founder is to identify the single critical factor that determines success, which he calls the "Sequoia Moment".