Longtime Sequoia Capital partner Greg McAdoo is moving on after more than a dozen years at the storied Silicon Valley venture capital firm. The news was first reported today by AllThingsD’s Kara Swisher, and subsequently confirmed to TechCrunch by Sequoia. The firm sent the following statement attributed to partner Doug Leone:
“We’re grateful for Greg’s many contributions to Sequoia over the last 12 years. His wikipedic knowledge, quick wit, and uncanny ability to connect seemingly unrelated ideas made him a joy to work with.”
We’re hearing that McAdoo’s departure is not immediate; it will occur gradually over the coming few months, to assure a good transition for the companies and entrepreneurs in which he led Sequoia investments. McAdoo currently sits on the boards of Airbnb, Bump Technologies, Cue (formerly Greplin), Imageshack, Songkick, and others. He also led Sequoia’s investment in Y Combinator back in 2009. No word just yet on what he’ll be doing next.
Prior to becoming a venture capitalist, McAdoo served as CEO of Sentient Networks, which he steered through its $445 million sale to Cisco in 1999. Earlier on, McAdoo was trained as an engineer — according to his bio on Sequoia’s website, his first job was “writing custom accounting software for Suncreek Farms in upstate NY, in Basic, on an Apple II, in 7th grade.”
I sat down with McAdoo last year after he came offstage at the TechCrunch Disrupt NYC conference, and had the opportunity to talk to him about how the VC world has evolved in his 12 years at Sequoia and much more. You can watch that in the video embedded below.