Update
Sequoia Capital Simplifies Structure Without Mentioning Crypto
Sequoia Capital has merged its Early and Growth teams, increasing the number of general partners to seven. The letter does not mention the 2022 crypto fund, which is now part of the Sequoia Capital Fund. Sequoia has simplified its structure, but the crypto fund's status remains unclear. The new focus of Sequoia is on AI, space, biology, and reindustrialization. Sequoia is not the first major venture capital firm to restructure without mentioning crypto, as a16z renamed its crypto fund to a16z Frontier in October and promised to continue investing in crypto.