Sequoia Capital partner Michael Moritz to step down after 38 years

Sequoia Capital partner Michael Moritz to step down after 38 years

FILE PHOTO: Sir Michael Moritz, Partner with Sequoia Capital speaks during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid/File Photo

Michael Moritz, the storied venture capitalist who sits on the boards of Stripe and Instacart, is leaving Sequoia Capital after 38 years, according to a letter sent to limited partners on Wednesday and viewed by Reuters.

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