Sequoia Capital divides into three independent venture capital firms.
TL;DR Summary
Sequoia Capital, one of Silicon Valley's most prominent venture capital firms, is splitting into three independent partnerships, with its businesses in China and India adopting new brands and the firm in the United States and Europe retaining the Sequoia name. The move comes amid rising tensions between China and the United States over investment and access to advanced technologies. Sequoia's China business will be called HongShan, and its business in India and Southeast Asia will be called Peak XV Partners.
- Venture Capital Giant Sequoia Spins Off China and India Units The New York Times
- Sequoia Capital Splitting Into Three Firms Bloomberg Television
- Venture-Capital Firm Sequoia to Separate China Business as Political Tensions Rise The Wall Street Journal
- Sequoia Capital to split into three independent entities CNBC Television
- Sequoia Is Splitting Into Three VC Firms Forbes
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