Summary:
Michael Moritz, a well-known investor at Sequoia Capital, has left the firm to focus on his advisory relationship with Sequoia Heritage, the wealth management unit he co-founded in 2010. Moritz will continue to serve on the board of Sequoia Heritage and will work closely with its team. This move marks a shift in Moritz’s role from venture capital investing to wealth management.
Key Points:
- Michael Moritz, a prominent investor at Sequoia Capital, has left the firm to deepen his advisory relationship with Sequoia Heritage, the wealth management unit he co-founded in 2010.
- Moritz will continue to serve on the board of Sequoia Heritage and will work closely with its team.
- Sequoia Heritage focuses on managing the wealth of Sequoia Capital partners and other high-net-worth individuals.
- This move signifies a shift in Moritz’s role from venture capital investing to wealth management.
- Moritz has been a highly respected investor at Sequoia Capital, known for his successful investments in companies like Google, PayPal, and LinkedIn.
Hot Take:
Michael Moritz’s decision to leave Sequoia Capital and focus on his advisory role at Sequoia Heritage reflects a shift in his career priorities. As a successful investor, Moritz has made significant contributions to the venture capital industry, and his move into wealth management suggests a desire to explore new opportunities and challenges. It will be interesting to see how his expertise in investing translates into the world of wealth management.
Conclusion:
Michael Moritz’s departure from Sequoia Capital highlights the evolving nature of the venture capital industry and the diverse career paths available to successful investors. As he deepens his advisory relationship with Sequoia Heritage, Moritz will continue to contribute his expertise and experience to the wealth management sector. This move marks a new chapter in Moritz’s career and opens up possibilities for further growth and innovation in the field of wealth management.
Original article: https://techcrunch.com/2023/07/19/michael-moritz-moves-on-bookmarking-a-long-chapter-at-sequoia-capital/
