Venture capital powerhouse Sequoia Capital has announced that it will split into three entities. Sequoia Capital in the US and Europe will be joined by HongShan in China and Peak XV Partners in India and Southeast Asia, allowing each entity to invest in competing start-ups more efficiently. The move dispels any speculation of a power struggle between Sequoia Capital China’s head, Neil Shen, and Roelof Botha in the US. Shen, who has spearheaded Sequoia Capital China’s rise to a venture leviathan with around $56bn in assets, will remain in charge of the Asian arm.
Sequoia Capital splits into three entities, resolving power struggle suspicions.
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