In May 2022 Sequoia Capital released a memo to its portfolio companies telling them that this was a “crucible moment” and it was time to buckle down. Now the firm itself is apparently following its own advice.
Since last summer, the investment juggernaut has cut the size of its firm, two of its funds, and begun severing ties with its international entities in China and India. These events may not all necessarily be related, but they are still significant changes for a major venture capital firm, and unusual within such a short period of time.
