Sequoia to shut down DC office, policy team

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8 hours ago

Summary

Sequoia Capital is closing its Washington D.C. office and policy team, ending its efforts to support companies with regulatory issues and deepen relationships with policymakers. The move comes as a contrast to other venture capital firms in Silicon Valley, which are strengthening their ties with Capitol Hill and the new Trump administration.

Key Points

Sequoia opened its D.C. office five years ago to support companies with regulatory issues and deepen relationships with policymakers.
The firm's policy team has been instrumental in helping companies navigate regulatory challenges and build relationships with lawmakers.
Sequoia is not the only venture capital firm closing its Washington D.C. office, as other firms are also re-evaluating their presence in the nation's capital.

Why It Matters

The move highlights the changing landscape of venture capital and the shifting priorities of investors in the tech industry.

Author

Dominic-Madori Davis

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