Sequoia’s Botha Hands Stewardship of VC Firm to Lin, Grady (2)

Sequoia Capital managing partner Roelof Botha said he’s stepping back from his leadership role, and has named partners Alfred Lin and Pat Grady as the new stewards of one of Silicon Valley’s top venture capital firms.

Lin and Grady “are the right pair to entrust with the stewardship of Sequoia,” Botha wrote in a letter to limited partners Tuesday, which the firm sharedon the social platform X. “They have a fearlessness and resilience that is necessary to win in this business.”

During his tenure, Botha steered the firm through a series of major transitions. Those included a global reorganization, ...