Billionaire VC Doug Leone Returns To Sequoia In Chairman Role [Forbes]
ServiceNow, Inc. (NOW)
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Source: Forbes
When Doug Leone announced his retirement in 2022 from his role as “senior steward” of storied venture capital firm Sequoia Capital, it was the end of an era. The billionaire venture capitalist had run the fund with Mike Moritz since its founder Don Valentine stepped down in 1996. Now he's back at Sequoia, just four years later, now in a newly created “chairman” role, the firm announced Tuesday. He will resume making investments for the firm. Leone's new position comes after a turbulent time for Sequoia Capital. He handed the baton to his successor Roelof Botha just a year ahead of the fund's mandatory retirement age of 65. But Botha faced flak from Washington over the firm's China arm. In 2023, he spun off both that office as well as Sequoia India, which invested in Southeast Asia. Botha resigned suddenly as senior steward, the firm's leadership position, in November. Investors Alfred Lin and Pat Grady jointly stepped into the role. “Doug passed the baton a few years back, bu
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