硅谷知名VC，突然“换帅”！

Core Insights - Sequoia Capital experiences a significant leadership change as Roelof Botha resigns from his position as Senior Steward, with Alfred Lin and Pat Grady taking over the management [1][2] - The resignation raises concerns within the VC community regarding Botha's management style and the firm's AI investment strategy, leading to internal conflicts [1][2] - Sequoia has returned over $50 billion to its partners since 2017, indicating a strong financial performance under Botha's leadership [1] Leadership Transition - Roelof Botha, who led Sequoia for over three years, will transition to a consulting role for the startups he invested in while remaining on the board [1] - Alfred Lin and Pat Grady are seen as more suitable leaders for Sequoia, having successfully invested in high-profile companies like OpenAI, Airbnb, and DoorDash [2][3] Investment Strategy - Under Botha, Sequoia was more cautious in AI investments compared to competitors, with a notable investment of just over $20 million in OpenAI when it was valued at around $20 billion [2] - Sequoia's recent $950 million early-stage fund aims to invest in promising startups at the beginning of their journey, reinforcing its traditional strengths [4] Recent Investments - Sequoia has made initial investments in companies like Xbow, Traversal, and Reflection AI, which have since raised significant funds at much higher valuations [4][5] - The firm is actively supporting its portfolio companies by facilitating connections and recruiting experienced executives to enhance their growth potential [5]