TechCrunch confirmed that Sequoia will close its DC offices and separate from the policy team by the end of March.
The news came – some contrary – other prominent venture capital firms in Silicon Valley have strengthened ties with Capitol Hill and the new Trump administration. Andreessen Horowitz, for example, has been leaning towards its policy team as several of its partners play in the White House. For example, it’s recently Hired former Republican Congressman Patrick McHenry is a consultant.
Sequoia opened its DC office five years ago to support companies on regulatory issues and deepen relations with policy makers. A Sequoia spokesman said in a statement to TechCrunch that with the help of “strategic guidance and effort” of “strategic guidance and efforts”, the policy team has issues with strengthening relationships and knowledge: “Sequoia now has a full position to move forward in the United States and Europe.”
“For this, we are sunsetting our dedicated policy function and closed our DC office at the end of March. We appreciate the team’s contribution and impact,” the spokesperson said.
Sources told the company’s policy researchers, as well as three full-time employees, that the changes affected wealth, This is the first time this news has been reported.
Although Sequoia is often politically neutral, its partners have previously expressed political views. It is worth noting that the company’s partner, Shaun Maguire, is an outspoken supporter of President Trump and is reportedly helping to screen candidates for candidates.
