Roelof Botha , the head of Sequoia Capital, said he thinks there are large improvements to be made for Twitter current business and that Elon Musk’s takeover bid for the social-media company will be a success.
Mr. Botha, speaking at The Wall Street Journal’s Tech Live conference, said he thought Twitter could find better ways to make money beyond advertising and improve its product.
Sequoia has committed $800 million for the deal.
The funding is set to come from Sequoia’s main venture funds, its wealth management business called Heritage, and its crossover fund Sequoia Capital Global Equities.