Sequoia says it is closing its London office after six years and consolidating operations back to the Bay Area, citing a lack of need for a local presence (Mike Butcher/Pathfounders)

Mike Butcher / Pathfounders:
Sequoia says it is closing its London office after six years and consolidating operations back to the Bay Area, citing a lack of need for a local presence  —  US venture capital giant Sequoia Capital is closing its London office, ending the six-run of a significant European presence and triggering a shake-up of its investment team.