Apparently the writing was on the wall.
Matt Miller, Partner at Sequoia Capital announcement Wednesday that he is leaving the group after 12 years of career to create his own company focused on European founders. He added that he would remain a venture partner of Sequoia and retain his board seats while fleshing out the “details of what comes next.”
London-based venture capitalists like Saul Klein, Tom Hulme, Mattias Ljungman and Miller's colleague Luciana Lixandru have praised Miller, who moved to the city in 2021 to lead Sequoia's expansion into Europe.
Still, few people might be surprised by Miller's news — not after he fought earlier this year with former colleague Michael Moritz, whom Miller reportedly unsuccessfully tried to oust from the board of directors of fintech Klarna almost immediately after him. join him. Sequoia shortly after apologized for supporting the move, replacing Miller with another Sequoia investor, Andrew Reed.
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