Sequoia's split sends warning to US companies doing business in China
The firm got the red carpet treatment from China. It also got into a lot of trouble.
Source: livemint.com
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The firm got the red carpet treatment from China. It also got into a lot of trouble.
Sequoia Capital's plan to split itself into three separate regional firms represents a major shift at one the world's foremost venture capital firms. The dramatic separation may insulate Sequoia from pending regulation, but it's also a signal that ties to China are a growing liability in Silicon Valley.
Sequoia on Tuesday announced that its India, China and US units — which share investors and some returns — would officially become separate entities.