美国红杉资本，突遭“换帅”

Core Insights - Roelof Botha, the leader of Sequoia Capital, has resigned after just over three years, with Alfred Lin and Pat Grady taking over management responsibilities [1][2] - The resignation was reportedly due to internal conflicts and dissatisfaction with Botha's management style and AI investment strategy [2][3] Management Changes - Alfred Lin and Pat Grady have been appointed as the new leaders, with Lin focusing on early-stage investments and Grady on growth-stage investments [5][6] - Botha will continue to provide consulting for startups in which Sequoia has invested and will remain on the board [1] Internal Conflicts - The decision to remove Botha was supported by senior partners and was facilitated by Sequoia's unique governance structure, allowing partners to vote on leadership changes [2] - Internal disputes, particularly regarding the management of AI investments and public comments made by partners, contributed to the leadership change [2][3] Investment Strategy - Sequoia Capital plans to increase its investments in AI, having previously been cautious under Botha's leadership [2] - The firm had invested approximately $20 million in OpenAI in 2021, which was seen as insufficient given OpenAI's later valuation of $260 billion [2] Cultural and Ethical Concerns - Sequoia faced scrutiny from limited partners (LPs) regarding its corporate culture and values, particularly after a partner made controversial comments on social media [3][4] - The defense of a partner's freedom of speech over issuing an apology led to the resignation of the COO and raised questions about the firm's ethical stance [4] New Leadership Background - Alfred Lin has a strong background in early-stage investments, having led investments in companies like Airbnb and DoorDash [5][6] - Pat Grady, a younger partner, has been involved in growth-stage investments, including notable companies like Snowflake and Zoom [6]