The Sequoia of Tomorrow

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It’s been a year since our generational transition. We’ve been busy! We’re no longer evolving the Sequoia of yesterday; we are now building the Sequoia of tomorrow.

Here are a few of the changes we’ve made, and what they mean for founders.

Focus We are best at high-conviction, highly selective venture capital investing. This is our focus. We have removed much of the complexity associated with the Sequoia Capital Fund, sunset our batch accelerator (Arc) and Scouts programs, and streamlined both operating and investing teams. Putting more energy behind fewer people and things means better support for the founders we back.

One Team There is no more “Early & Growth”. There is only Sequoia. We are one team, operating under one shared mission. This should make things more seamless for founders as they go from stage to stage.

London We are closing our London office, which means several people will be leaving Sequoia. This is not about the team - they are excellent. We simply don’t see the need for a local presence. We believe that Europe will continue to produce outlier founders and companies, and that we can continue to provide world class support from our home base in the Bay Area.

Partners We are coming out of a ~20 year expansionary phase, during which we built multiple businesses in multiple geos. One unintended side effect was hierarchy; it required real management to run the operating side of our business, and this crept over into the investing team. We’ve made several internal changes that have the effect of flattening the partnership. This allows every partner to flourish, and every founder to receive the full benefit of Team Sequoia - regardless of who your lead partner happens to be.

Firepower We’ve welcomed two rising stars (Liam and Sonali) and one transcendentally talented founder & operator (Dev). We’ve reunited with a legendary leader (Carl) and reinvigorated the GOAT (Doug). We’ve elevated and empowered killer operators: Hem, Natalie, Rishi, Stacey, and Theresa. We’ve raised ~$10Bn in new funds. Talent and capital are two of the key ingredients in building legendary companies. Our talent density and capital base are stronger than ever.

24/7 There is no more Monday partner meeting cycle. Founders operate 24/7, and so do we. Founders shouldn’t have to adhere to our process - we will do our best to adhere to yours.

Some of these changes were obvious. Others less so. Many were hard. It is scary to break something that’s already working just fine, and it is painful to say goodbye to great people. We ask founders to do the right thing even when it is hard, and we are committed to doing the same.

Some things remain unchanged. Our mission is to help the daring build legendary companies, from idea to IPO and beyond. Our objective function is not scale, but quality: delivering the best possible returns to LPs, and being the best possible partner to founders.

Excellence is a moving target, so we will always be changing. But for now, this is Sequoia. We have seven General Partners who own and operate our organization, and we are on offense: building our business so that we can support you in building yours. We are true believers, and as we enter a golden age of multiple tectonic shifts in parallel (AI, space, biology, reindustrialization, and perhaps more), we are so fired up for what’s to come. Let’s build something legendary together!

• Alfred, Andrew, David, Konstantine, Pat, Shaun, and Sonya, on behalf of Team Sequoia