Sequoia Capital changes fund structure, launches The Sequoia Fund

Sequoia Capital changes fund structure, launches The Sequoia Fund

Photo: DEALSTREETASIA

Sequoia Capital, one of the world’s top venture capital (VC) firms, announced that it is abandoning the existing time-based model for investing, which it said has become obsolete, and restructuring the firm into a singular, permanent structure.

In a blog post, long-time Sequoia partner Roelof Botha said the firm’s future investment will all flow through The Sequoia Fund, an open-ended liquid portfolio made up of public positions in a selection of the firm’s enduring companies.

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