Sequoia will shutter its D.C. workplace in addition to half methods with the coverage group there on the finish of March, TechCrunch has confirmed.
The information comes — and is considerably in distinction — with the opposite outstanding VC corporations in Silicon Valley strengthening their ties with Capitol Hill and the brand new Trump administration. Andreessen Horowitz, for instance, has been leaning into its coverage group as a number of of its companions nab roles within the White Home. It not too long ago, for example, employed former Republican congressman Patrick McHenry as an advisor.
Sequoia opened its D.C. workplace 5 years in the past to assist corporations with regulatory points and deepen its relationship with policymakers. In an announcement to TechCrunch, a Sequoia spokesperson stated that due to the “strategic steerage and efforts,” of the coverage group on the matter of bolstering relationships and information, “Sequoia is now well-positioned to hold these relationships within the U.S. and Europe ahead.”
“To that finish, we’re sunsetting the devoted coverage operate and shutting our D.C. workplace on the finish of March. We’re grateful to the group for his or her contributions and affect,” the spokesperson stated.
The modifications affect the coverage fellows on the agency, in addition to three full-time staff, sources inform Fortune, which was first to report this information.
Although Sequoia is usually politically impartial, its companions have beforehand expressed political beliefs. Notably, Shaun Maguire, a accomplice on the agency, is an outspoken supporter of President Trump and is reportedly serving to display candidates for DOGE.