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PayPal Mafia will soon lead venture capital’s most successful firm. Driving the news: Sequoia Capital on Monday announced that Roelof Botha will take the reins as “senior steward” on July 5, one day after the 65th birthday of current firm chief Doug Leone. Botha came to Sequoia straight from PayPal in 2003, and led the firm’s investments in such companies as Bird, Instagram, Square and YouTube. Backstory: When Sequoia founder Don Valentine retired in 1996, he asked Leone and fellow Sequoia partner Mike Moritz to assume firm leadership. He’d seen many of his peers stay around too long and retain…
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