Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Roelof Botha explains why Sequoia supports Shaun Maguire after COO quit

Roelof Botha explains why Sequoia supports Shaun Maguire after COO quit

Bitget-RWA2025/10/28 03:43
By:Bitget-RWA

At TechCrunch Disrupt 2025 on Monday, Sequoia Capital’s managing partner Roelof Botha addressed questions about fellow partner Shaun Maguire and the controversy sparked by Maguire’s earlier remarks, emphasizing that Sequoia upholds its partners’ entitlement to “free speech.”

On July 4, Maguire posted on X, criticizing New York City mayoral candidate Zohran Mamdani by labeling him an “Islamist” and claiming he “comes from a culture that lies about everything.” These comments triggered significant backlash online and raised concerns about the potential reputational impact on the venture capital firm, which has invested in companies such as Airbnb, Google, Nvidia, and Stripe.

Soon after, more than a thousand founders and tech professionals signed an open letter urging Sequoia to respond and make it clear that “remaining silent in the face of hate has consequences.” Another open letter later appeared in support of Maguire.

Last week, the Financial Times revealed that Sequoia’s chief operating officer, Sumaiya Balbale, who practices Islam, resigned due to the firm’s choice not to discipline Maguire after his statements.

When asked on stage, Botha declined to discuss the COO’s resignation, explaining that Sequoia typically does not comment on internal personnel issues, but he expressed gratitude for Balbale’s contributions to the company.

Addressing whether Sequoia partners have previously voiced their political opinions as openly as their business perspectives, Botha maintained that the firm has always welcomed a range of viewpoints. He pointed out that Sequoia’s Michael Moritz had been an outspoken critic of President Trump, while former managing partner Doug Leone was a strong supporter of Trump.

“Within the firm, we embrace differing perspectives, and we value having ‘spiky’ individuals at Sequoia,” Botha said, referencing Maguire during his conversation with TechCrunch editor-in-chief Connie Loizos.

Botha’s answer was notably forthright, especially given the controversy’s prominence and the risk it might deter some entrepreneurs from collaborating with Sequoia.

“Our partnership actually encompasses a wide spectrum of beliefs, and we appreciate that people choose to express themselves in various ways,” Botha added.

“Some of our partners are deeply involved in philanthropy or private ventures, but they may not be as outspoken on social media as Shaun is. We have always respected each partner’s freedom of expression,” Botha explained.

Botha also argued that Maguire’s unique profile resonates with a particular group of founders. Maguire, for example, has strong ties to Elon Musk’s ventures, overseeing Sequoia’s investments in Neuralink, SpaceX, The Boring Company, X, and xAI. Botha mentioned that Maguire is also attracting founders in another booming sector besides AI: defense technology. For example, he has invested in the fast-growing autonomous weapons company Mach Industries.

“He’s a physics PhD who left high school early,” Botha remarked, highlighting Maguire’s technical expertise.

However, Botha acknowledged that Maguire’s outspoken nature does have its downsides. “Are there trade-offs involved? Absolutely,” he admitted.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Etherlink Facilitates High-Level Institutional Lending Through Collaboration with Oku and Morpho

- Oku integrates Morpho Protocol on Etherlink (Tezos Layer 2) to enable institutional-grade lending/borrowing with self-custody and real-time analytics. - The partnership combines Morpho's P2P lending architecture with Etherlink's low-cost transactions and Uniswap v3 liquidity to serve retail and institutional users. - MEV Capital launches first curated vault on Etherlink, allowing USDC lending against yield-bearing tokens with institutional risk management and diversified strategies. - Etherlink's EVM com

Bitget-RWA2025/10/28 13:38
Etherlink Facilitates High-Level Institutional Lending Through Collaboration with Oku and Morpho

SUI News Today: Blockchain Platforms Vie to Drive $1.2 Trillion DeFi Derivatives Boom

- DeFi derivatives markets surge to $1.2T volume as protocols like Astros, SunPerp, and ADEN expand institutional-grade perpetual trading on Sui, TRON, and cross-chain networks. - Astros integrates $1B liquidity to create yield-generating ecosystems, while SunPerp leverages TRON's $80B USDT for gasless trading and institutional risk tools. - Gate Ventures' ADEN acquisition highlights sector consolidation, with platforms like Hyperliquid and Aster dominating $286B+ 30-day volumes through Layer 2 optimizatio

Bitget-RWA2025/10/28 13:38
SUI News Today: Blockchain Platforms Vie to Drive $1.2 Trillion DeFi Derivatives Boom

Bitcoin Updates: France Stores Bitcoin as "Digital Gold" to Disrupt the World Economic System

- France proposes a bill to create a sovereign Bitcoin reserve of 420,000 BTC (2% of total supply) over 7-8 years, led by UDR MP Éric Ciotti. - Funding mechanisms include public mining using renewable energy, seized Bitcoin, and tax revenue, with plans to allow Bitcoin tax payments and euro-backed stablecoins for small transactions. - The bill faces political challenges due to Ciotti’s party’s minority status but aims to boost France’s geopolitical independence and digital asset leadership in the EU. - Cri

Bitget-RWA2025/10/28 13:38

Polkadot News Update: What’s Driving Investors to Pick BlockchainFX Instead of Polkadot During the Halloween Presale Rush

- BlockchainFX (BFX) offers 40% token bonus via CANDY40 code until Nov 3, drawing investors away from Polkadot and Cosmos. - Presale raised $9.9M with 15,000+ participants, projecting 3,500% returns if BFX hits $1 post-launch at $0.028 presale price. - Platform integrates crypto, stocks, forex, and commodities with verified smart contracts, contrasting DOT's speculative profile. - Halloween bonus and $500K Gleam giveaway amplify urgency as BFX's 500x growth potential outpaces legacy cryptos like BCH and BT

Bitget-RWA2025/10/28 13:16
Polkadot News Update: What’s Driving Investors to Pick BlockchainFX Instead of Polkadot During the Halloween Presale Rush