Five Sequoia Capital partners have left the firm, the biggest shakeup to the storied venture firm’s leadership since its leader Roelof Botha took over a year ago.
Sequoia on Wednesday told its limited partners that longtime partner Michael Moritz would leave and focus on the firm’s independent wealth management business, Sequoia Heritage, a spokesperson confirmed. Meanwhile four other Sequoia partners have exited the firm, according to two people with direct knowledge of the matter.