The Year of Venture Capital Breakups
This is turning into the year of venture capital breakups.
First, two high-profile splits announced last year became official in 2024. At Tiger Global Management, private investments chief Scott Shleifer moved into an advisory role at the firm led by Chase Coleman. And Neil Shen’s Sequoia Capital China (now HongShan) officially split from Sequoia Capital, led by Roelof Botha.
Now it seems that breakups between leaders of small VC funds are on the rise, likely due to the mounting pressure on these younger venture firms to raise capital as a downturn in fundraising drags on.