Sequoia Capital to Restructure Funds, Becoming More Than a VC

Roelof BothaPhotographer: Brian Ach/Getty Images
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Sequoia Capital, the world’s most prominent venture capital firm, will no longer be strictly a VC.

The firm will remake its investment structure in the U.S. and Europe around a single fund, Sequoia partner Roelof Botha said in a statement Tuesday. The Sequoia Fund, as it’ll be known, will let the firm invest in a range of asset classes.