Sequoia Capital, one of the most prominent investment firms in Silicon Valley, fires its Washington -based policy team and closes its office there, just as some technology -related companies are trying to increase their visibility in the US capital.
The changes will take effect in the end of March and will affect three full -time employees, as well as policy associates working with the company. Southja confirmed the dismissal while two sources familiar with the case that asked for anonymity because the topic was sensitive, said the firm would close its office in Washington.
Sequoia says she has set its small team for politics five years ago – surprising Trump’s first administration – to advise its investment team and portfolio regulatory issues, deepen their knowledge of policy landscape and strengthen their ties with global policy makers, experts and tanks. Don Vira, who had high positions for the National Security of the Ministry of Justice and the House of Constant Election of the Intelligence Committee, opened the office, according to hisLinkedIn. Viria will leave the firm as part of the changes. He did not respond to commentary requests.
“Thanks to strategic leadership and efforts of the policy group), Sequoia is now well positioned to bring these relations to the United States and Europe ahead,” a Sequoia spokesman said. “To that end, we are raising the dedicated function of politics and closing our DC office at the end of March.
Changes in Sequoia are contrary to technology companies that increase their visibility in Washington, from President Trump’s re -election. Meta In January, he hired Eloel Kaplan, a former deputy chief of the office of former President George W. Bush, to lead his global policy team and CEO Mark Zuckerburg, visited Trump at the White House and Mar-a-Lago.
Some other companies for investing capital have stepped up their presence in Washington to help portfolio companies working in highly regulated or political industries such as defense, crypto or AI. Investing Capital Andresen Horowitz, for example, with several of its partners to take official or advisory positions at the White House, recently hired Patrick McChenry, the former North Carolina Congress, and Matt Crin, a former chief adviser. Last fall, before the election, the general catalyst launched what he calls “Institute of General Catalyst” to influence you, health care, defense and intelligence, production and energy policy.
Sequoia Capital has historically remained politically neutral as a company, although many of its partners individually express political views or make big donations to presidential candidates. The top partner Roelof Ota said last summer that it was not registered With any political party, but that it is “more focused on the policies that will lead entrepreneurship, create jobs and ensure that the United States remain ahead”.
This story was originally shown on Fortune.com
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