Shake-Up at Sequoia as Five Partners Exit

Sequoia Shakes Up Senior Ranks as Vernal, Moritz Exit Roles

Mike Moritz (left) and Mike Vernal (right). Photos via Getty Images and Wikimedia.

Five Sequoia Capital partners have left the firm, the biggest shakeup to the storied venture firm’s leadership since its leader Roelof Botha took over a year ago.

Sequoia on Wednesday told its limited partners that longtime partner Michael Moritz would leave and focus on the firm’s independent wealth management business, Sequoia Heritage, a spokesperson confirmed. Meanwhile four other Sequoia partners have exited the firm, according to two people with direct knowledge of the matter.