Venture Capital Powerhouse Sequoia telling investors this morning that it's splitting up

into three separate and independent partnerships and that's the focus of today's

Tech check with your Drubosa morning d a good morning carl this is big news here it's the end of an era for one of

the most prestigious VC firms not only in Silicon Valley but in the world so Sequoia

becomes three distinct firms with distinct brands and names.

U.S. and Europe will continue to be known as Sequoia capital.

Sequoia China becomes Hong Shan.

India and Southeast Asia becomes peak 15 partners in Everest reference there.

I spoke with Sequoia's chief Roloff Botha early this morning as the news came out.

He told me that it took months to arrive at this decision and ultimately it came down to business factors and the different markets becoming more complicated.

He said and I'll quote him here, founders have global ambitions and borders have become fuzzy. We're seeing more instances of portfolio. have rough first year for both leading the firm. As the tech market turned he

oversaw billions in devalued investments it was also marked by rising geopolitical

tensions and rising questions over Sequoia's steak and big Chinese companies like Bight Dance in

particular. Both of himself was also an architect of the Evergreen Sequoia fund

that holds on to public stocks after portfolio companies I PEO so holding on for longer and that also had

terrible timing when it came out at the end of 2021 when markets were turning he

also made that big bet on Twitter so perhaps as one quote though guys sums it all up you can

read into it a few different ways. It was in the Forbes piece and it quoted

partner Shalendre Singh who will lead the India and Southeast Asia business and he said quote we love

Sequoia but our brand is our relationships and we feel our own brand is

strong so one reading of those guys might employ the Sequoia is no longer quite the gold standard

brand and venture capital as it once was because the industry itself is becoming bigger and more

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