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5h ago

Sequoia Names Alfred Lin and Pat Grady Co‑Stewards as Roelof Botha Steps Down

The leadership shift follows a turbulent stretch marked by internal controversy alongside a global restructuring.

Roelof Botha, Managing Partner, Sequoia Capital, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse
Roelof Botha, managing partner of Sequoia Capital, at Brainstorm Tech 2024.
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Overview

  • Sequoia announced that longtime partners Alfred Lin and Pat Grady will serve as co‑Stewards, succeeding Roelof Botha.
  • Lin is known for bets on Airbnb and DoorDash, while Grady has led growth investing since 2015 with deals including ServiceNow, OpenAI, and Harvey.
  • Botha said he will advise the partnership and continue supporting portfolio companies as a board member.
  • The firm recently unveiled a $750 million Series A fund and a $200 million seed fund as it refocuses on early‑stage investing.
  • The transition follows a period that included backlash over partner Shaun Maguire’s remarks and COO Sumaiya Balbale’s August resignation, a $200 million FTX write‑off, and the 2023 split of Sequoia’s China and India units into HongShan and Peak XV.