Sequoia Capital to Close London Office and Focus on US West Coast
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View chart & analysis → - 1Sequoia Capital is closing its London office and reducing headcount to shift its focus to the US West Coast.
- 2The venture capital firm, which manages $80 billion (60 billion pounds), stated it no longer sees the need for a local base.
- 3The US is leading AI deals, with total US venture funding reaching $500 billion so far this year.
So what's the key point?
Sequoia Capital has decided to close its London office and concentrate on the US West Coast. This comes as the US leads AI deals, making a local presence there more important.
Source The Telegraph +1 · View original ↗
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