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WEB 2.0 SUMMIT — Sequoia Capital Michael Moritz, the hottest venture capitalist in the Valley, and perhaps the world, is always smooth and comfortable, and his appearance at this conference is proving no exception. Save, that is, when discussing his departure from Google's board. Questioned by author John Heilemann about why he left, Moritz dismisses the notion that Sequoia was backing a secret Google-killer search startup. But his explanations are otherwise unsatisfactory, and he hems and haws in a way he hasn't at any other time in his on-stage interview. My conclusion: Moritz isn't being fully honest here. And that there's a value, in this hypermediated time, to watching the giants of the industry show up in person and explain themselves. And, occasionally, sweat.