When former Salesforce co-CEO Bret Taylor announced his departure in late November, he said he wanted to return to his roots as an entrepreneur. Now, Taylor is teaming up with former Google colleague Clay Bavor to found a new business-focused AI startup in March, Bavor announced in a LinkedIn post. While Taylor and Bavor haven’t shared details about their startup, their departures are part...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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