Sequoia Capital, one of the most important companies of Silicon Valley risk capital, transmits its political team based in Washington and closes its office, as well as some technology -related companies seeking to increase their visibility in US capital after President Trump's re -election.
Changes will be reflected at the end of March and will have an impact on three full -time employees and political members who worked with the company. Sequoia confirmed the release, while two sources that are familiar with the matter that demanded anonymity, because this topic is sensitive, said the company will close its office in Washington.
Sequoia says he set up his team for small politicians five years ago – during the first Trump administration – to advise his investment team and portfolio companies on regulatory issues, deepened his knowledge of the political landscape and strengthen his connection with Thin -thinks, experts and Think tanks. Don Vieira, who held higher positions of national security at the Ministry of Justice and House Permanent Select Committee for Intelligence, opened the office to hisLinkedIn. Vieria leaves the company in the framework of changes. He did not answer the request for comment.
“Thanks.” [the policy group’s] Strategic instructions and efforts, sequoia are now well placed in the US and Europe, ”said Sequoia spokesman“ We are grateful for their contributions and impact.
Sequoia changes are contrary to technology companies that have increased their visibility in Washington since the re -election of President Trump in Washington. Meta In January he hired Joel Kaplan, former chief of the staff of former President George W. Bush, to lead his team of global politics and CEO Mark Zuckerburg visited Trump in the White House and Mar-A-Lago.
Some other risky capital companies strengthen their presence in Washington in DC to help portfolio companies operating in highly regulated or political industries such as defense, crypto or AI. For example, Risk Capital and Capital Horowitz, which had several of its partners, occupies official or advisory positions in the White House, recently hired Patrick Mchenry, a former Congressman in North Carolina, and Matt Cronin, former main investigative advisor and deputy General Advisor for the US Selection Committee for Strategic Competition. Last autumn, before the elections, General Catalyst launched what he calls “General Catalyst Institute” to influence AI, health care, defense and news, production and energy policy.
Sequoia capital has historically remained politically neutral as a company, although many of its partners individually express political views or provide great gifts to presidential candidates. ROELOF BOTHA BEST PARTNER Last summer said it is not registered With both political parties, but that “he focuses more on politicians that lead to business, job creation and ensure that the United States remains ahead”.
This story was originally listed on Fortune.com
