Michael Moritz, the Welsh-born American that helped turn Sequoia Capital into one of tech's juggernaut venture capital companies, is "stepping back" from day-to-day operations.
Michael Moritz
(Credit: Sequoia Capital)
Moritz will become Sequoia's chairman and will continue to take on new companies, Andrew Kovacs, a Sequoia spokesman told CNET on Monday. Moritz said in an e-mail he sent early in the day to friends and colleagues that he feels "fitter than ever."
But Moritz, 57, also said in the note that he has been diagnosed with a rare medical condition that could slow him down over the next 5-to-10 years.
"There is no way of predicting this with certainty," Moritz said in his e-mail. "Thus, for me, life has assumed a different meaning and I am making some adjustments."
Moritz has one of the better track records in Silicon Valley. He helped represent Sequoia's investments into Google, Yahoo, Paypal, and Linkedin among many others.
More to come
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via CNET http://feedproxy.google.com/~r/cnet/NnTv/~3/2PvC8Zdn4Zc/
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