Sequoia hits rewind, undoing 20 years of expansion
Summary
Venture capital firm Sequoia is reversing two decades of growth by closing regional offices and programs. The company is refocusing on the Bay Area while simultaneously rolling out approximately $10 billion in fresh funding.
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.
Source: Read the full story at TechCrunch
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