In very sad news, Mike Moritz, who has led top-tier venture firm Sequoia Capital through the very beginnings of the web until now, is stepping back because of an incurable disease. His firm has backed many of the homeruns of the last two decades including Google, Paypal and LinkedIn. Attached is a letter he sent to limited partners today: "We have always tried to be straightforward with you and, in that spirt, I need to share something. Unfortunately, I have been diagnosed with a rare medical condition which can be managed but is incurable. �I've been told that in the next five to ten years the quality of my life is quite likely to decline.��Right now I feel fitter than ever and I hope that I'll be one of the lucky ones who can live a full life and defy the statisticians.��But there is no way of predicting this with certainty and thus for me, life has assumed a different meaning and I am making some adjustments."
Monday, May 21, 2012
Venture Capitalist Michael Moritz Says He?s Stepping Back From Sequoia Capital Because of Illness
In very sad news, Mike Moritz, who has led top-tier venture firm Sequoia Capital through the very beginnings of the web until now, is stepping back because of an incurable disease. His firm has backed many of the homeruns of the last two decades including Google, Paypal and LinkedIn. Attached is a letter he sent to limited partners today: "We have always tried to be straightforward with you and, in that spirt, I need to share something. Unfortunately, I have been diagnosed with a rare medical condition which can be managed but is incurable. �I've been told that in the next five to ten years the quality of my life is quite likely to decline.��Right now I feel fitter than ever and I hope that I'll be one of the lucky ones who can live a full life and defy the statisticians.��But there is no way of predicting this with certainty and thus for me, life has assumed a different meaning and I am making some adjustments."
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