Sequoia Capital witnesses departures of long-time partner Michael Moritz, other key partners

News Snapshot:

Sequoia Capital, the world's most prestigious venture capital firm, has undergone significant transformations in the past year, marked by market turbulence, restructuring, and the departure of at least five investors. Veteran partner Michael Moritz will be leaving the venture firm to shift his focus to Sequoia Heritage, a wealth management enterprise he co-founded. Joining him in the exit are senior partner Mike Vernal, investor Michelle Fradin one of the firm’s investors behind FTX, and partners Kais Khimji and Daniel Chen. Moritz, who has been a prominent figure at Sequoia since 1986, will play a more advisory role at Sequoia Heritage,...