Sequoia Names Alfred Lin and Pat Grady as New Co-Stewards as Roelof Botha Steps Down

Why It Matters

The appointment of Lin and Grady signals continuity in Sequoia’s investment strategy while positioning the firm to capitalize on its new early‑stage capital pools amid a recovering venture market, and it aims to stabilize governance after recent reputational challenges.

Summary

Sequoia Capital announced that partners Alfred Lin and Pat Grady will replace Roelof Botha as co‑Stewards, ending Botha’s three‑year tenure as senior steward. Lin, who joined in 2010, has led investments in Airbnb, DoorDash and Kalshi, while Grady, a 19‑year partner, heads growth‑stage investing with backs such as ServiceNow, OpenAI and Harvey. Botha’s term saw market downturns, a $200 million FTX write‑off, the spin‑off of Sequoia’s India and China units, and internal controversy over partner Shaun Maguire’s remarks. The leadership change arrives as Sequoia launches a $750 million Series A fund and a $200 million seed fund to fuel its next investment wave.