Sequoia ends scout program and closes London office in overhaul
Image: Primary Sequoia announced that it is shutting down its scout program and closing its London office as part of a broader overhaul, TechCrunch reported. The program let selected founders and operators invest on the firm's behalf, extending its reach to prospective investments.
Sequoia framed the changes as a move to concentrate resources on fewer people and activities. Former scout and Station F chief Roxanne Varza said scout programs helped aspiring investment managers build investment records and relationships with funds. She expects venture partner arrangements to continue, although that is her assessment rather than a Sequoia commitment.
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