Sequoia Capital announced some major changes this week, including the closure of its London office, the merger of its early-stage and growth teams, and the end of its Scouts program.
Now, the Financial Times has published a report painting all of this as an attempt to undo the legacy of former leader Roelof Botha, who stepped down as the firm’s steward last year. An unnamed source told the FT that Botha “loved process and hierarchy,” while “the rest of the team didn’t.”
