Venture firm Sequoia Capital has undergone significant changes over the past year, marked by market volatility, a split, and the departure of at least five investors.
Michael Moritz, a long-standing partner since 1986, is stepping away from the venture firm to concentrate on Sequoia Heritage, a wealth management business he co-founded that exceeds $15 billion. A significant portion of his family foundation, Crankstart, is held at Heritage.
