Sequoia Splits Into Three Firms Amid Geopolitical Tension
- Sequoia to become three separate entities based on geography
- Split will happen no later than end of March next year
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Venture capital powerhouse Sequoia Capital is breaking up into three entities around the world, splitting the Chinese and US operations as tensions grow between the world’s two largest economies.
The firm, known for its early backing of Google, Instagram and some of China’s biggest internet companies, will separate into independent partnerships and separate firms, operating under different brands, no later than at the end of March next year, the company said.