Sequoia Capital’s Botha steps down as top boss

Roelof Botha will step down as the managing partner at Sequoia Capital after a little more than three years in the role, the storied Silicon Valley venture capital firm said on Tuesday.

Botha, who spearheaded Sequoia’s investments in Meta Platforms‘ Instagram, biotech firm 23andMe and software firm MongoDB, had joined the investment firm in 2003.

Investing veterans Alfred Lin and Pat Grady will become the company’s new stewards, according to a letter from Botha posted on X on Tuesday.

Botha will transition into a new role of advising the partnership and…