South African Roelof Botha to lead venture capital giant Sequoia Capital


Source: businesstech.co.za businesstech.co.za

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Storied venture firm Sequoia Capital has named a new leader. Roelof Botha, 48, will become the senior steward of the firm. Botha’s “keen instinct for innovation has made its mark on our partnership and on our industry,” Sequoia’s current chief Doug Leone wrote in a Twitter message on Monday. He also said that Botha will “set the overall tone and oversee the global centralized functions” of the firm, including its finance and culture, and that Botha will continue to lead Sequoia’s US and Europe business as managing partner. Leone, 64, said he will remain a general partner in the firm’s...