Sequoia Capital to cut policy team and shutter Washington, D.C. office just as the tech industry increases its visibility under Trump
Sequoia Capital, one of the most significant venture capital firms in Silicon Valley, puts his office in Washington, just as some technology companies are trying to raise their visibility in the US capital.
The changes will take effect in late March and will affect full-time employees, as well as in the footsteps of politics, who worked with the firm. Sequoia confirmed the work, while two sources are familiar with who demanded anonymity, as the theme is sensitive, it is said that the company will close the Washington office.
Sequoia says her small policy team set a five-year trump card for its investment team and portfolio companies to deepen its knowledge with global policy makers, experts and research centers. According to him, Don Virira, who held high-ranking national security positions in the Permanent Choice of Justice and House, opened officeConnectionA number of Vieria will leave the company as part of the changes. He did not answer the requests of comments.
“Thank you [the policy group’s] Strategic guidance and effort, Sequoia is now well positioned to advance in the United States and Europe. We are grateful to the team for their contribution and influence. “
Sequoia changes, unlike technology companies, increasing their visibility in Washington, the President since the President’s re-election. Meta In January, Joel Kaplan, a former deputy staff of former President George Bush, was hired by his global politics team and CEO Mark Zukeburg.
Capital firms of some other enterprises take their presence in Washington, DC to help Portfolio companies operating in severe regulated or political industries such as protection, cryptic or AI. Venture Capital Brand Andresen Horov, who had some partners in the White House, recently hired North Carolina Congressman, and Matt Chronin, former General Investigation Council. Before being elected, the total catalyst kicked off on the “General Catalyst Institute” affected AI, Health, Defense, Intelligence, Production and Energy Policy.
Sequoia Capital has historically remained politically neutral as strong, although many of its colleagues individually express political views or make great donations to presidential candidates. The best partner relobe said last summer that he was Not registered Or or with the political party, but that he “is more focused on politics that will direct entrepreneurship, job creation and make sure that the United States remains ahead.”
This story was originally shown Fortune.com
English