Sequoia partners Roelof Botha, Neil Shen, and Shailendra Singh delivered the update to their limited partners via a joint message.
Botha is managing partner for Sequoia's U.S. and Europe business, while Shen and Singh run Sequoia's China and Southeast Asia businesses, respectively.
"To deliver on our mission, we have decided to fully embrace our local-first approach," the three partners told their investors.
"We've seen growing market confusion due to the shared Sequoia brand as well as portfolio conflicts across entities."
Sequoia is one of the world's top venture funds, with notable investments in Apple, Google, Paypal, and Zoom.
Persons:
Roelof Botha, Neil Shen, Shailendra Singh, Botha, Shen, Singh
Organizations:
Sequoia, Sequoia's, XV Partners, Apple, Google, Paypal
Locations:
China, U.S, Europe, Southeast Asia, India