Sequoia Capital, one of the most famous Venture capital firms in the Silicon Valley, postpones its political group based in Washington, and closes its office, just like some technology -related companies, trying to increase its visibility in the US Trump’s re -election.
The changes will take effect in late March and will affect three full -time employees, as well as on politics who worked with the firm. Sequoia confirmed the dismissal, while two sources familiar with this question that asked for anonymity because this topic is sensitive, stated that the firm would close its office in Washington.
Sequoia claims that it created its small political team five years ago – in connection with the first Trump administration – advise its investment team and portfolio campaigns on normative issues, deepen their knowledge of the policy landscape and strengthen communication with global politicians, experts and analytical tanks. Don Vieira, who held senior national security positions at the Ministry of Justice and the House of Standing Election Commission, opened the office, according to itLinkedIn. Vieria will leave the firm as the changes. He did not respond to a comment request.
“Thanks to the strategic leadership and efforts of the Politics Group), Sequoia is now well located to move this relations to the US and Europe forward,” said Sequoia spokesman. “To this end, we go to a special policy and close our DC office in late March.
Changes to Sequoia are unlike technology companies that increase their visibility in Washington after re -election of Trump. Meta In January, Joel Kaplan, a former deputy chief of staff of former President George W. Bush, hired to head his global political group, and CEO Mark Zuckerburg visited Trump at the White House and Mar-lago.
Some other venture capital firms increase their presence in Washington to help portfolio companies that work in high -regulated or political industry such as defense, crypt or II. For example, Venture Capital Andresen Haravitz, who occupied several partners with official or counseling positions in the White House, recently hired Patrick Makenri, a former North Carolina Congress, and Matt Kronin, a former investigator and deputy lawyer. Last fall, before the election, General Catalyst launched what he calls the “general catalyst” institute to influence II, health care, protection and intelligence, production and energy policy.
Sequoia Capital has historically been politically neutral as firm, although many of its partners individually express political views or make great donations to presidential candidates. The best partner Roelof Bot said last summer that he is not registered With any political party, but it is “more focused on politics, which will encourage entrepreneurship, job creation and make sure the US remains forward.”
Originally this story was presented on Fortune.com
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2025-03-18 23:40:00
Jessica Mathews
