Sequoia Capital recently made headlines for withdrawing its request for an extraordinary meeting to remove Sir Michael Moritz as chairman of Klarna, a Swedish fintech company. This move followed a public dispute between Sequoia and Klarna's CEO, Sebastian Siemiatkowski, over Moritz's role in the company.
Sequoia Capital is a prominent American venture capital firm based in Menlo Park, California. Founded in 1972, the firm has a strong focus on investing in technology companies and has been a key player in the growth of numerous successful startups. Sequoia has a reputation for backing innovative companies early on and has a portfolio that includes major players in the tech industry such as Apple, Google, and Airbnb. With a track record of successful investments, Sequoia Capital has established itself as a leading venture capital firm in the United States and globally.