Roelof Botha recalls several “marshmallow test” moments on his path to becoming head of the venture capital firm. : Sequoia Capital Managing Partner Roelof Botha had a decision to make after he finished his studies in actuarial science at the University of Cape Town: become an actuary or join McKinsey & Company, albeit with a 50% lower salary. He chose the latter, even though it wasn’t a guaranteed success. “In the short run, that was a poor decision,” Botha told Fortune in an interview on the Leadership Next podcast.