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Michael Moritz, the journalist-turned-VC who has long been one of the most prominent and respected investors at Sequoia Capital, has left the firm after 38 years to "deepen his advisory relationship" with Sequoia Heritage, the wealth management unit he spun up in 2010 with colleague Doug Leone and on whose board he has sat for years. In a note to LPs that we obtained earlier, Sequoia's global managing partner, Roelof Botha, said Moritz will continue to represent Sequoia Capital at a handful of companies but that those seats will be "transitioned" to other partners over time. A source familiar with the firm said the development was not socialized within the partnership far in advance of its announcement to Sequoia's investors because Moritz long ago relinquished his day-to-day responsibilities.

United statesCity ofUnited kingdomMichael moritzDavid cahnIan taylorDon valentineDoug leoneKais khimjiRoelof bothaKeith johnsonSailendra singhMichelle fradinNeil shenJim goetzDaniel chen