How Sequoia's Alfred Lin and Pat Grady erased Roelof Botha's legacy, halving GPs and unwinding his fund; sources say he joined SpaceX's board behind their backs

Sequoia Capital's restructuring may affect future venture capital investments.

Sequoia Capital has closed its London office and permanent capital fund, actions that sources say halve the number of general partners and unwind Roelof Botha's fund. Botha reportedly joined SpaceX's board without authorization.

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Sequoia Capital's strategic shift involves significant internal changes, including a reduction in general partners and the dissolution of a specific fund. These moves are aimed at streamlining operations within the prominent venture capital firm.