Sequoia Capital's Turbulent Year: Partners Exit On Heels Of FTX Collapse, $214M Loss
Portfolio Pulse from Murtuza Merchant
Venture firm Sequoia Capital has seen significant changes, including the departure of five investors and a split in its operations. Michael Moritz, a partner since 1986, is stepping away to focus on Sequoia Heritage, a wealth management business he co-founded. Moritz will continue to serve on the boards of various Sequoia companies, such as Stripe Inc., but will gradually step down. Sequoia suffered a $214 million loss, primarily from its global growth fund, despite profitable returns since its inception in 1972. The firm also announced a significant split with its operations in China and India in June.
July 20, 2023 | 4:14 pm
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NEUTRAL IMPACT
Sequoia Capital, an investor in Google, is undergoing significant changes, which could potentially impact Google's strategic decisions.
Sequoia Capital, a significant investor in Google, is undergoing changes. However, it's unclear how these changes will directly impact Google in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Sequoia Capital, an investor in PayPal, is undergoing significant changes, which could potentially impact PayPal's strategic decisions.
Sequoia Capital, a significant investor in PayPal, is undergoing changes. However, it's unclear how these changes will directly impact PayPal in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Sequoia Capital, an investor in FTX, is undergoing significant changes. Given that FTX went bankrupt, this could potentially impact the value of FTT.
Sequoia Capital, a significant investor in FTX, is undergoing changes. Given that FTX went bankrupt, this could potentially impact the value of FTT.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70