Top Venture Capital Firm $55 Billion Sequoia Capital Roelof Botha Steps Down as Senior Steward (Managing Partner) after 3 Years, Alfred Lin & Pat Grady Appointed as Co-Stewards, Sequoia Capital Founded in 1972 by Don Valentine
8th November | Hong Kong
Top venture capital firm Sequoia Capital ($55 billion AUM) Roelof Botha is stepping down as Senior Steward (Managing Partner) after 3 years, with Alfred Lin & Pat Grady appointed as Co-Stewards. In 2025 October, Sequoia Capital ex-Chief Marketing Officer, COO & Operating Partner Sumaiya Balbale quit after Sequoia Capital Partner Shaun Maguire posted social media comments on Islam & United States New York politician Zohran Mamdani. Sumaiya Balbale is a Muslim (Religion: Islam). In 2023, Sequoia Capital ($85 billion AUM, Assets under Management) announced to split into 3 entities by 2024 March, forming the new Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. Sequoia is the main brand for 3 independent operating funds United States & Europe, China, and India & Southeast Asia. Sequoia China will be renamed Hongshan in English and retain the Chinese name, and Sequoia India and Southeast Asia will be renamed Peak XY Partners. Sequoia Heritage and Sequoia Capital Global Equities will continue using the Sequoia brand. Sequoia Capital manages around $85 billion in 2022, Hongshan (Sequoia China) manages around $56 billion and Peak XV Partners (Sequoia India and Southeast Asia) manages around $9 billion. Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe. Sequoia – Sequoia is the strategic partner helping investor-backed companies of all sizes achieve their business goals through smarter people spend. For 24 years, we’ve guided the most innovative employers to navigate growth and get the most out of their global people investment. With our expert advisory team and integrated platform, we help clients drive business impact through their total comp and benefits, improving executive decision making, controlling costs, protecting the business, and elevating the employee experience.
“ Top Venture Capital Firm $55 Billion Sequoia Capital Roelof Botha Steps Down as Senior Steward (Managing Partner) after 3 Years, Alfred Lin & Pat Grady Appointed as Co-Stewards, Sequoia Capital Founded in 1972 by Don Valentine “
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Top Venture Capital Firm $55 Billion Sequoia Capital ex-Chief Marketing Officer, COO & Operating Partner Sumaiya Balbale Quit after Sequoia Capital Partner Shaun Maguire Posted Social Media Comments on Islam & United States New York Politician Zohran Mamdani, Sumaiya Balbale is a Muslim (Religion: Islam)
23rd October – Top venture capital firm Sequoia Capital ($55 billion AUM) ex-Chief Marketing Officer, COO & Operating Partner Sumaiya Balbale has quit after Sequoia Capital Partner Shaun Maguire posted social media comments on Islam & United States New York politician Zohran Mamdani. Sumaiya Balbale is a Muslim (Religion: Islam). In 2023, Sequoia Capital ($85 billion AUM, Assets under Management) has announced to split into 3 entities by 2024 March, forming the new Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. Sequoia is the main brand for 3 independent operating funds United States & Europe, China, and India & Southeast Asia. Sequoia China will be renamed Hongshan in English and retain the Chinese name, and Sequoia India and Southeast Asia will be renamed Peak XY Partners. Sequoia Heritage and Sequoia Capital Global Equities will continue using the Sequoia brand. Sequoia Capital manages around $85 billion in 2022, Hongshan (Sequoia China) manages around $56 billion and Peak XV Partners (Sequoia India and Southeast Asia) manages around $9 billion. Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe. Profile – Sequoia helps daring founders build legendary companies from idea to IPO and beyond. We aim to be the first true believers in tomorrow’s most valuable and enduring businesses. We partner with a few outliers each year and go all-in, providing them with the hands-on help required at every stage of the company building journey. Our expertise comes from 50 years of working with legendary founders like Steve Jobs, Larry Page, Jan Koum, Adi Tatarko, Brian Chesky, Jensen Huang, Anne Wojcicki, Eric Yuan, Patrick Collison, Julia Hartz, and Sebastian Siemiatkowski. In aggregate, Sequoia-backed companies account for more than 25% of NASDAQ’s total value. Since our inception, the vast majority of the money we invest has been on behalf of nonprofits and schools like the Ford Foundation, Mayo Clinic and MIT, which means most of the returns we generate benefit these great causes.
Top $85 Billion Venture Capital Sequoia Capital to Split into 3 Entities by 2024 March, Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia
6th June 2023 – Top venture capital firm Sequoia Capital ($85 billion AUM, Assets under Management) has announced to split into 3 entities by 2024 March, forming the new Sequoia United States & Europe, HongShan for China, and Peak XV Partners for India & Southeast Asia. Sequoia is the main brand for 3 independent operating funds United States & Europe, China, and India & Southeast Asia. Sequoia China will be renamed Hongshan in English and retain the Chinese name, and Sequoia India and Southeast Asia will be renamed Peak XY Partners. Sequoia Heritage and Sequoia Capital Global Equities will continue using the Sequoia brand. Sequoia Capital manages around $85 billion in 2022, Hongshan (Sequoia China) manages around $56 billion and Peak XV Partners (Sequoia India and Southeast Asia) manages around $9 billion. Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe.
Peak XV Partners: “We are excited to share that Sequoia India & Southeast Asia (SEA) will rebrand to Peak XV Partners and will operate as a fully independent firm. Our new name, Peak XV was the original name given to Mount Everest. To us, it signifies the relentless pursuit of audacious goals by our founders, while overcoming challenges along the way. It’s a new beginning for us as Peak XV, but unlike most beginnings, this is an opportunity for us to build on top of the foundation laid over the last 17 years. Our firm will continue to be managed by the present leadership team and will continue to invest from the most recently raised set of funds focused on India and SEA.
Sequoia Capital History
Sequoia Capital was founded in 1972 by Don Valentine with a $3 million fund, backing Apple and video game pioneer Atari. Sequoia Capital is also an early investor in many of the world’s top technology companies including Cisco, Google, Instagram, Airbnb and Stripe.
In 1972, when Don Valentine founded Sequoia Capital, the term “Silicon Valley” was less than two years old. A veteran of the nascent semiconductor industry, Don had helped power the growth of personal computing and networking. With Sequoia’s first $3 million fund, he backed both Apple and video game pioneer Atari. That Don chose “Sequoia,” a tree that lives thousands of years, rather than naming the firm after himself surprises no one who knew him. It was his humility and commitment to empowering the next generation that has enabled our team to stand the test of time. We’ve partnered with each generation of legendary companies since then, from Cisco to Google to Instagram to Airbnb and Stripe, and beyond. From the start, we have ensured that when our founders win, so do great causes. Sequoia invests primarily on behalf of nonprofits and schools, with organizations such as the Ford Foundation and Boston Children’s Hospital forming most of our limited partner base. Working for them gives us a greater sense of responsibility and purpose.
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