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Sequoia, the Silicon Valley venture capital firm with a full stack of outrageously successful tech investments (think Apple, Google, PayPal, Dropbox, LinkedIn, Eventbrite, Airbnb, Stripe and WhatsApp), is opening an office in London. 

For some, it’s a sign that the European tech ecosystem has finally come of age. Sequoia is on the hunt for a partner to join the team and is, according to Sifted’s sources, courting the crème de la crème of Europe’s venture capital talent.

It may not be quite the game changer for local venture capital funds that some might suspect, however.