Sifted senior reporter Anne Sraders walks through why the US firm is consolidating in the Bay Area after six years in London, with its European scout programme cut and three of four London partners staying put on the continent. The episode puts numbers on the shift: 12 announced primary European rounds for Sequoia so far this year, down from 18 at the same point in 2025.
The conversation ranges from founders calling it a managed decline to investors arguing the reaction is overblown, and asks whether European startups can still fill their largest rounds without US capital.
