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.
