Jim Goetz on public trust doctrine
From MSU Library Trout & Salmonid Lecture 2022 - Jim Goetz · · Montana State University Library
“The public trust Doctrine is of ancient origin its roots Trace just Roman civil law and its principles can be found in the English common law on public navigation and fishing rights over tight plans and in the state laws of this country so that's that was incredible even though the State lost that case the U.S Supreme Court recognized the ancient public trust God that put its staff of approval and why that's important I mentioned that it's kind of amorphous Doctrine its Providence is unclear and by the way one of the leading Scholars is very critical of the public test Doctrine it's right here in Bozeman Jim Huffman he was in college a friend of mine still with a friend of mine he ended up going to Chicago law school and was deemed for many years at Lewis and Clark Law School in Portland he's written a lot about how August the history is a terrible he's by the way affiliated with a local political economy Resource Center which is a sort of a righteous Center put it loudly think tank but anyway he's very critical so this was the staff of approval by the U.S Supreme Court on the doctor and then if we look at the middle of the Court under the inside case citations unlike the equal footing Doctrine however which is the Constitutional foundation of the nav Mobility rule of the riverbed but title the public test trust Doctrine remains a matter of state law so we're the long and the short of this language which was almost a foot in the list at the very end of the event is that the public trust Doctrine is alive it's recognized and it's up to the states.”
On , Jim Goetz, Partner at Sequoia at Sequoia Capital, spoke about public trust doctrine during MSU Library Trout & Salmonid Lecture 2022 - Jim Goetz on Montana State University Library.
About Jim Goetz
Jim Goetz, a partner at Sequoia Capital, has spoken about his investment philosophy, emphasizing that the firm is more interested in entrepreneurs who are passionate about solving a specific pain point for a specific customer than in those who present large total addressable markets (TAMs). He has cited examples such as Yahoo, Google, YouTube, and Apple, arguing that each started by addressing a narrow problem or market. Goetz has stated, "We regularly see entrepreneurs come in and talk about billion-dollar markets, large TAMs, and that's just not as interesting to us as the passion that comes from trying to solve a very specific pain point for a very specific customer." Goetz has also discussed the importance of mentorship, drawing on his own experience with a professor at the University of Cincinnati. He has spoken about the need for venture capital firms to embrace change and adaptability, noting that Sequoia has "reinvented herself almost every few years" over its 50-year history. In a 2022 appearance, he described the period as a time of transition from greed to fear in the markets, calling it "a time of excitement and a time to plant seeds." He has also commented on the importance of having fun in one's work, stating, "If you're enjoying what you're doing then it's never a day of work in your life."