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.
Sequoia hits rewind, undoing 20 years of expansion
TE TechCrunch 
Key points
- One of the most surprising developments here is that the firm is killing two programs that put Sequoia closest to young founders.
- Scouts, which Sequoia launched around 2009 and, anecdotally, half the industry has since copied in some form, gave small checks to founders and operators to invest on the firm’s behalf; it was a way to see deals through people closer to interesting new founders than any partner could be.
- Jason Calacanis famously pointed Sequoia to Uber through the program.
Sentences selected automatically from the original article by TechCrunch.
Read the full story on TechCrunch You've read the opening, about 29 of 1,600 words. The full piece is published by TechCrunch.
Continue reading ↗ Story details
- Published
- By
- Connie Loizos
- Section
- TC
- Length
- 1,600 words · about 7 min read
- Format
- Article
- Original
- techcrunch.com ↗
Related reporting
4 stories on this topic from 4 sources, oldest first.
- TechCrunch Sequoia hits rewind, undoing 20 years of expansion (this story)
