VC firm Sequoia is flattening its partner structure and closing its London office
Source: Business Insider ·
Sequoia Capital is closing its London office and embracing a flatter structure, joining Big Tech firms in reducing management layers.
From the source
Sequoia Capital said it could support European startups from its Bay Area HQ.via Smith Collection/Gado/Getty ImagesSequoia Capital is closing its London office.It's also flattening a management hierarchy that it said had "crept over into the investing team."The VC firm joins other Silicon Valley giants in embracing flatter structures to reduce bureaucracy.At Sequoia Capital, London is out, and the Great Flattening is in.The Silicon Valley VC firm said Wednesday it has made internal changes to undo a management hierarchy that had "crept over into the investing team."The shake-up also includes the closure of its London office and sunsetting its batch accelerator and Scouts programs, Sequoia wrote in a Wednesday post on X.The London closure means some employees are leaving Sequoia. The VC firm, which made early-stage bets on companies such as Apple, Google, and Nvidia, said it can support European founders and startups from its Bay Area headquarters.The overhaul marks the ongoing change…
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