Quote from Ndubuisi Ekekwe on June 6, 2023, 12:20 PM

The China-US tension breaks Sequoia Capital, a prominent venture capital fund! This is one of the signs of the time, as LinkedIn reports.

The venture capital behemoth Sequoia Capital will break itself up into three separate units based on geography by March of next year. The move, which comes amid growing tension between China and the U.S., will see Sequoia formally separate its Chinese and Indian-based operations and also create an entity that combines its U.S. and European businesses. The company said Tuesday that operating as one entity had become “increasingly complex” and created “market confusion.” The three were already largely independent ventures before the announcement, Bloomberg notes.

• The U.S. and European operations will continue to be called Sequoia, the Chinese fund will be called HongShan and the Indian unit will be called Peak XV Partners.
• Sequoia Capital was an early backer of Instagram, Google and a number of Chinese companies including ByteDance and JD.com.

Yes, the US-China has one victim down. Now, when you do business in/with China/USA (depending on your citizenship), you cannot sleep with eyes closed because anything can be nationalized vice versa! But breaking the companies will not turn US dollars into napkins. Possibly, they want to have better disclosures.