Sequoia Capital, one of Silicon Valley’s most storied venture-capital firms, has named a new leader in a rare transfer of power that comes as the investment house has moved to overhaul the traditional startup-financing business.
Sequoia Capital partner Roelof Botha will take on a new role overseeing the firm’s U.S. and European funds, the company said on Twitter and in an email sent to investors. His ascension settles widespread speculation over who would assume the job with the expected retirement of Doug Leone.
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