Sequoia Capital raises $10 billion and restructures
In short
Sequoia Capital has raised $10 billion and is changing how it operates. The firm also ended its Arc accelerator and Scouts programmes and said it is cutting internal hierarchy.
What the reporting says
Sequoia Capital has raised $10 billion and is restructuring its operations to focus on selective investments, according to a BusinessLine summary. The reporting also says the firm discontinued its Arc accelerator and Scouts programmes, reduced internal hierarchy and changed its operating structure.
Why it matters
Sequoia Capital has raised $10 billion and is reshaping its operations to focus on more selective investments. It also discontinued its Arc accelerator and Scouts programmes while reducing hierarchy inside the firm.