Sequoia Capital’s Michael Moritz Steps Back, Citing Illness

Sequoia Capital partner Michael Moritz said today that he has a “rare medical condition which can be managed but is incurable,” and which is likely to compromise his quality of life in the coming years. As such, he is changing his role at the venture capital firm. A representative for Sequoia noted that Moritz will continue to make new investments and take board seats, but he will be dropping some of his daily firm management responsibilities and taking more vacation.