Venture Capitalist Michael Moritz Says He?s Stepping Back From Sequoia 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 home runs of the last two decades including Google, PayPal and Yahoo. In a letter to limited partners this morning, he wrote, "We have always tried to be straightforward with you and, in that spirit, I need to share something. Unfortunately, I have been diagnosed with a rare medical condition which can be managed but is incurable."

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