Sequoia Capital has decided to manage its activities in South America from its headquarters in California after its lone partner here, David Velez, left to start his own venture, people with direct knowledge of the firm’s plans said.
The move, which these people said had been in the works for several months, shows the difficulty the Silicon Valley venture capital firm has faced in finding attractive investments in the region, even as start-ups have proliferated in recent years.
Image Courtesy of graur razvan ionut / FreeDigitalPhotos.net
To read the original article: Sequoia Capital Pulls Back From South America - NYTimes.com
