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Sequoia closes London office

Sequoia Capital is reversing two decades of expansion by closing its London office and merging early-stage and growth teams. The firm eliminated the Monday partner meeting and reduced hierarchy.

Field
business and funding
What they did
The firm Sequoia Capital announced closing its London office, shutting down its Arc accelerator and Scouts program, and merging its early-stage and growth teams.
Why it matters
This is done to remove the hierarchy that developed over the last 20 years and return to a narrower focus on Silicon Valley.
#sequoia capital#venture capital#expansion#hierarchy#office closure

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