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How Sequoia's Alfred Lin and Pat Grady erased Roelof Botha's legacy, halving GPs and unwinding his fund

Context: The FT reports Sequoia closed its London office and permanent-capital fund and halved its GPs, and that Botha joined SpaceX's board without telling his partners.

From Financial Times: 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 — Closures of London office and permanent capital fund mark latest efforts to streamline Silicon Valley VC firm

Source
Financial Times (ft.com)
Published
First seen here
Edition
Sunday, November 8, 2026, ranked 8
Status
A publication reported this; the company may not have confirmed it.
Why it’s here
The most-read venture story of the day, reported by the FT and picked up by TechCrunch.
Topics
Venture capital