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Michael Moritz

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Tech Billionaire Turns to News Industry Investment

Originally Published 6 months ago — by The New York Times

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Source: The New York Times

Billionaire venture capitalist Michael Moritz, known for investments in Google and PayPal, has co-founded The San Francisco Standard and is acquiring Charter to expand its focus on local news and the future of work, emphasizing the importance of city news amid declining local outlets.

"Sequoia's Boardroom Battle: The Klarna Drama Unfolds"

Originally Published 1 year ago — by The Information

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Source: The Information

Sequoia Capital has chosen partner Andrew Reed to replace Matthew Miller on Klarna's board after Miller's failed attempt to remove former Sequoia leader Michael Moritz as board chairman. Sequoia's chief Roelof Botha apologized for the distraction caused and admitted that the firm's understanding of the situation was wrong.