Sequoia Capital, one of the most famous venture capital firms in Silicon Valley, is dismissing the Washington DC -based policy team and closing the office, just as some technical companies are trying to increase their visibility in the US capital.
The change is effective at the end of March and affects not only the policy fellows worked with the company, but also three full -time employees. SEQUOIA confirmed the dismissal, but the two sources, who were familiar with the problem that they asked for anonymity because they were sensitive, said the company would close the Washington office.
SEQUOIA said it has established a small policy team to strengthen its relationships with global policy makers, experts, and think tanks, advising investment teams and portfolio companies on regulatory issues, based on the first Trump administration five years ago, and intensifying knowledge of the policy environment. According to his LinkedIn, Don Vieira, a senior national security position at the Ministry of Justice and the House of Representatives, opened an office. Vieria will leave the company as part of the change. He did not respond to the request.
“thank you [the policy group’s] SEQUOIA spokesman Sequoia, a strategic guideline and effort, is now well positioned to develop this relationship in the United States and Europe. We thank the team for their contribution and influence. ”
Sequoia’s change in contrast to the technology company that has increased visibility in Washington DC after President Trump’s re -election. In January, Meta hired Joel Kaplan, former deputy director of former President George W. Bush, leading the global policy team and CEO of Mark Zuckerburg.
Other venture capital companies are strengthening their position in Washington, DC, to help portfolio companies that are highly regulated or operated in political industries such as defense, encryption or AI. For example, Andreessen Horowitz, a venture capital company in the White House, has recently been a venture capital company in the White House. He hired former chief lawyer MATT Coursel and appointed the company’s advisor. Last fall, before the election, General Catalyst began calling “General Catalyst Institute” to affect AI, medical, defense and information, manufacturing and energy policy.
Sequoia Capital has been historically neutral, despite many partners, even though they have individually express their political views or have made great donations to the presidential candidates. ROELOF BOTHA, the top partner, said last summer that he was not registered in any party, but said, “I am focusing more on entrepreneurship, job creation, and the US’s leading policies.
This story was originally on Fortune.com.
