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1 / 3Sequoia raises about $10 billion, shuts Arc and Scouts, and ends its split between early and growth×

The overhaul

The London closure was one part of a larger overhaul. Sequoia's memo says it has raised roughly $10 billion, is closing its Arc accelerator and its Scouts program, whose past scouts include Sam Altman, and is merging its teams: "There is no more 'Early & Growth'. There is only Sequoia."

The partners

The partnership shrinks to seven general partners led by co-stewards Alfred Lin and Pat Grady.

The exits

Stephanie Zhan has left to start a firm, and Luciana Lixandru stays a partner while declining a move to San Francisco.

Sources and the full story

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Sequoia raises about $10 billion, shuts Arc and Scouts, and ends its split between early and growth

The London closure was one part of a larger overhaul. Sequoia's memo says it has raised roughly $10 billion, is closing its Arc accelerator and its Scouts program, whose past scouts include Sam Altman, and is merging its teams: "There is no more 'Early & Growth'. There is only Sequoia." The partnership shrinks to seven general partners led by co-stewards Alfred Lin and Pat Grady. Stephanie Zhan has left to start a firm, and Luciana Lixandru stays a partner while declining a move to San Francisco. SourcesB

Sources

• BSequoia hits rewind, undoing 20 years of expansion (TechCrunch)techcrunch.com

This story ran in the Afternoon Brief of November 4th 2026.