Michael Moritz Moves On: Bookmarking a Long Chapter at Sequoia Capital

Moritz suffers from a rare medical condition.

Iconic venture capital investor Michael Moritz is set to retire from Sequoia Capital, stepping away from a 34-year career with the firm. During this time, Moritz and his team built the portfolio of the century, with over forty of his companies becoming public and including successes like Google, Yahoo, PayPal, Instagram, and LinkedIn. Moritz suffers from a rare medical condition. Previously he stepped back from his role in investing in 2020 to become chairman. However, he now plans to focus on investing in his interests outside the technology industry through his family foundation. Moritz's legacy has spurred other investors, including his colleague, Doug Leone, who will assume the chairman role. Leone has stated that Moritz will be missed due to his investments, which set the highest bar for Silicon Valley.

While Moritz will retire from Sequoia, he will still maintain connections with his associated companies. The investor retains board memberships with Klarna, Instacart, and Stripe. These companies include some of the fastest-growing in the current climate, with Stripe becoming America's most valued private technology company. Moritz's investment strategy has always been known to seek out companies that aim to redefine the landscape, making him a recognized figure in the tech industry. Moritz has been honored with appointments to the board of the British Broadcasting Corporation (BBC) and served for a decade as a member of the board at Google's owner, Alphabet.