Sequoia hits rewind, undoing 20 years of expansion
Sequoia Capital has announced a major structural reorganization, unwinding much of its 20-year global expansion by closing its London office, shutting down its Arc accelerator and Scouts programs, and merging its early-stage and growth teams. The firm raised approximately $10 billion in new funds and flattened its partnership structure, eliminating the traditional Monday partner meetings to refocus its operations around a smaller, Bay Area-centric team. Open article →
- Sequoia to close London office, cut Europe team
- VC firm Sequoia is flattening its partner structure and closing its London office
- Sequoia says it is closing its London office after six years and consolidating operations back to the Bay Area, citing a lack of need for a local presence
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- Lots of changes that seem smart to me They are getting rid of their accelerator and scout progra...