Sequoia partners reportedly blindsided when Roelof Botha joined SpaceX board

In Brief

Sequoia Capital announced immoderate large changes this week, including the closure of its London office, the merger of its early-stage and maturation teams, and the extremity of its Scouts program.

Now, the Financial Times has published a report coating each of this arsenic an effort to undo the bequest of erstwhile person Roelof Botha, who stepped down arsenic the firm’s steward past year. An unnamed root told the FT that Botha “loved process and hierarchy,” portion “the remainder of the squad didn’t.”

Apparently, not everyone is on-board with the changes, with different root firing backmost that this seems similar an “erasure of Sequoia’s heritage, not Roelof’s legacy.”

The interruption betwixt Botha and his aged steadfast reportedly deepened aft Botha joined the SpaceX board this summer. (Botha and SpaceX CEO Elon Musk antecedently worked unneurotic astatine PayPal.) A root told the FT that Sequoia’s partners were blindsided by the announcement, due to the fact that Botha “didn’t inquire compliance, helium didn’t get motion disconnected from the partnership” — adjacent though his caller relation could complicate the firm’s quality to commercialized its $20 cardinal stake.

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

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