Sequoia’s Choice

Sequoia Capital just showed us exactly what “institutional neutrality” means—when billions are at stake. Sumaiya Balbale—the firm’s chief operating officer, a Shake Shack board member, someone “well regarded internally and by the start-ups she worked with as an experienced operating executive”—resigned in August after complaining about partner Shaun Maguire’s Islamophobic posts. Senior partners declined to discipline him, citing free […]

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