The writing seems to be on the wall.
Sequoia Capital Partner Matt Miller announced. He said on Wednesday he was leaving the power outfit after a 12-year career to build his own new company focused on European founders. He said he would remain a joint venture with Sequoia and retain his board seats while “the details of what comes next” are worked out.
Saul Klein, Tom Hulme, London-based VCs such as Mattias Ljungman and Miller's partner Luciana Lixandru have praised Miller, who moved to the city in 2021 to help Sequoia expand into Europe.
But Miller's news may have come as a bit of a surprise – not least after clashing with former colleague Michael Moritz, who tried to oust him from fintech Klarna's board almost immediately after joining. Soon Sequoia He apologized. Miller was replaced by another Sequoia investor, Andrew Reed, who supported the move.