Over the most tumultuous 12 months in its 51-year history, Sequoia Capital has spun off its highly profitable Chinese arm, slashed the size of a crypto investment fund and lost key partners including veteran Michael Moritz.
Now, Silicon Valley’s most storied venture capital firm is fighting to retain the confidence of its own investors.
At least one large Sequoia backer is weighing its future position in the US firm and others are concerned by recent mis-steps, including a $225mn bet on failed cryptocurrency exchange FTX in 2021. One of Sequoia’s longest-standing backers deemed that deal a “humiliation [that] is unique in their history”.
您已阅读8%（645字），剩余92%（7920字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。