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Venture Powerhouse Sequoia Capital Names New Leader

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Sequoia Capital, one in every of Silicon Valley’s most storied venture-capital companies, has named a brand new high chief, a uncommon switch of energy at an funding home that has confronted rigidity in recent times due to its outstanding China enterprise.

Sequoia Capital accomplice Roelof Botha will tackle a brand new position overseeing the agency’s U.S. and European funds, the corporate stated on Twitter and in an e mail despatched to buyers. Mr. Botha “will set the general tone and oversee the worldwide centralized features,” Sequoia’s word stated. His ascension settles widespread hypothesis over who would assume the job with the anticipated retirement of Doug Leone.