Sequoia Capital sees leadership changes as Roelof Botha steps down

Roelof Botha is stepping down as managing partner at Sequoia Capital, a major investor in Klarna, following a turbulent period for the venture capital firm. Botha will remain an advisor and board member at Sequoia, which has seen leadership changes and strategic shifts, including exits from China and India, during his tenure. Sequoia Capital, founded in 1972, is a prominent Silicon Valley venture capital firm that has faced internal conflicts and attempted board maneuvers at its portfolio companies.