
Matt Miller's Departure: A New Chapter in His Career
After an impactful 12-year tenure, Matt Miller announced his exit from Sequoia Capital, a leading player in the venture capital world. This move marks a significant transition as Miller embarks on establishing his own firm concentrating on European founders. Despite stepping away, he will continue to contribute as a venture partner with Sequoia and maintain his existing board seats.
The Road Leading to Change
Miller's announcement comes after a turbulent period, notably marked by his clash with Sequoia veteran Michael Moritz earlier this year. An attempt to remove Moritz from the board of the fintech giant, Klarna, ended unfavorably for Miller, leading to a restructuring within the firm's internal hierarchy. This friction may have signaled the inevitable shift leading to Miller's decision to explore new horizons.
A Continued Legacy in the European Market
Relocating to London in 2021, Miller played a pivotal role in spearheading Sequoia's ambitions in Europe. The venture capital scene there is eagerly anticipating how his new firm will shape its landscape. His peers, including Saul Klein and Luciana Lixandru, have shown their support, adding a layer of optimism to his venture into this fresh chapter.
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