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Michael Moritz

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media9 months ago•1 min saved

Tech Billionaire Turns to News Industry Investment

Billionaire venture capitalist Michael Moritz, known for investments in Google and PayPal, has co-founded The San Francisco Standard and is acquiring Charter to expand its focus on local news and the future of work, emphasizing the importance of city news amid declining local outlets.

via The New York Times|

#charter #future-of-work #local-news

business2 years ago•0 min saved

"Sequoia's Boardroom Battle: The Klarna Drama Unfolds"

Sequoia Capital has chosen partner Andrew Reed to replace Matthew Miller on Klarna's board after Miller's failed attempt to remove former Sequoia leader Michael Moritz as board chairman. Sequoia's chief Roelof Botha apologized for the distraction caused and admitted that the firm's understanding of the situation was wrong.

via The Information|

#andrew-reed #business #klarna