Sequoia hits rewind, undoing 20 years of expansion
Sequoia Capital has published a sweeping memo announcing a return to its earlier roots by closing its London office, shutting down its Arc accelerator and Scouts programs, merging its early-stage and growth teams, and eliminating the traditional Monday partner meeting. The venture firm says it has raised approximately $10 billion in new funds and is flattening its partnership structure to reduce the hierarchy that developed during a 20-year expansionary phase. The changes signal a renewed focus on Silicon Valley and early-stage high-conviction investing managed by a core group of seven general partners. Open article →
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