Sequoia Capital is closing its London office, combining its early-stage and growth teams, ending its Scouts program and discontinuing the Arc accelerator. The changes, detailed in a November 4, 2026 memo, follow Roelof Botha’s departure and were described by the Financial Times as an effort to unwind his legacy. Botha stepped down as Sequoia’s senior steward in November 2025 and left the firm in July 2026, after joining SpaceX’s board as an independent director on June 16, four days after the company’s record IPO. An unnamed source said Botha favored process and hierarchy, while another characterized the restructuring as an erasure of Sequoia’s heritage rather than Botha’s legacy. A separate source said partners were blindsided because Botha did not seek compliance approval or partnership sign-off, and that his appointment could complicate trading Sequoia’s roughly 1.5% SpaceX stake, valued at about $20 billion. Sequoia has not explained how it would manage any trading limits and said it continues to collaborate closely with Botha.