Apparently the writing was on the wall.
Sequoia Capital partner Matt Miller announced Wednesday that he is leaving the major firm after a 12-year career to start his own new firm focused on European founders. He added that he intends to remain a venture partner at Sequoia and maintain a seat on the company's board while fleshing out “the details of what happens next.”
London-based venture capitalists including Saul Klein, Tom Hulme, Matthias Ljungmann and Miller's colleague Luciana Liksandl are working with Miller, who moved to London in 2021 to lead Sequoia's expansion into Europe. blessed.
Still, few people will be surprised by Miller's news — he was involved in a spat with former colleague Michael Moritz earlier this year, and he unsuccessfully tried to oust him from the board of fintech company Klarna shortly after joining the company. He reportedly did, but not since then. Sequoia quickly apologized for supporting the move and replaced Mr. Miller with another Sequoia investor, Andrew Reed.