Sequoia Capital divides into three firms, separating China and India businesses.
TL;DR Summary
Sequoia Capital is splitting into three entities - Sequoia Capital in the US and Europe, Peak XV Partners in India and Southeast Asia, and HongShan in China - due to the increasing complexity of managing a decentralized operation. The split comes amid growing geopolitical tension between China and the US, and optics and governance issues at its portfolio firms in India and Southeast Asia. Sequoia's decision to restructure its international branches into autonomous units could prompt its rival venture firms to follow suit.
- Sequoia splits into three entities TechCrunch
- Sequoia Is Splitting Into Three VC Firms Forbes
- Venture-Capital Firm Sequoia to Separate China Business as Political Tensions Rise The Wall Street Journal
- Sequoia Capital to split into three parts, separating its China and India businesses CNBC
- US venture capital giant Sequoia to spin off China business Financial Times
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