Sequoia partners reportedly blindsided when Roelof Botha joined SpaceX board

Highlight

Sequoia partners reportedly blindsided when Roelof Botha joined SpaceX board

Sequoia partners reportedly blindsided when Roelof Botha joined SpaceX board


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.”

Apparently, not everyone is on-board with the changes, with another source firing back that this seems like an “erasure of Sequoia’s heritage, not Roelof’s legacy.”

The break between Botha and his old firm reportedly deepened after Botha joined the SpaceX board this summer. (Botha and SpaceX CEO Elon Musk previously worked together at PayPal.) A source told the FT that Sequoia’s partners were blindsided by the announcement, because Botha “didn’t ask compliance, he didn’t get sign off from the partnership” — even though his new role could complicate the firm’s ability to trade its $20 billion stake.

A Sequoia spokesperson said that the firm continues to “collaborate closely” with Botha.



Source link

"एक रचनात्मक 3D डिजाइनर और उत्साही ब्लॉगर, जो नए विचारों और तकनीकों के माध्यम से दुनिया को एक नया नजरिया देने में विश्वास रखता हूँ। मेरे डिजाइनों में नवीनता और ब्लॉग्स में जानकारी की गहराई है, जो पाठकों और दर्शकों को प्रेरणा और जानकारी प्रदान करती है।" "As a passionate 3D Designer and Blogger, I blend creativity with technology to bring ideas to life in dynamic, digital forms. With a keen eye for detail and a love for storytelling, I explore the world of design, innovation, and inspiration, sharing insights and tips through my blog. I aim to inspire and connect with fellow creatives and those curious about the endless possibilities of 3D design."

Post Comment

You May Have Missed:

WordPress Portal Meow! – Pet Care & Pet Shop Elementor WordPress WooCommerce Theme Mercado Pago for LatePoint (Payments Addon) Mercado Pro – Turn your WooCommerce into Multi Vendor Marketplace Mercadopago Payment gateway for Easy Digital Downloads Merchandiser – Clean, Fast, Lightweight WooCommerce Theme Merge – Personal Portfolio & Resume WordPress Theme Merk – Branding Solution & Advertising Agency Elementor Template Kit Merope – Photography WordPress Theme Merope – Photography WordPress Theme Mersal – One Page MultiPurpose WordPress Theme