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Sequoia hits rewind, undoing 20 years of expansion
Sequoia is consolidating into a smaller, Bay Area–centered firm, shutting down the programs and offices it built during a 20-year expansion while announcing roughly $10 billion in new funds.
AI Summary
Sequoia Capital announced a sweeping reorganization in a memo titled “The Sequoia of Tomorrow” posted on X Wednesday morning. The firm disclosed that it has raised roughly $10 billion in new funds while simultaneously closing its London office, shutting down the Arc accelerator and its Scouts program, and merging its early‑stage and growth teams into a single unit. It also said it will flatten its partnership structure and eliminate the traditional Monday partner meeting.
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