‘Every Firm Is Talking About It’: Venture Capital Is Having Its New York Moment

In the 1980s, venture capital firm Sequoia set a tone for the tech investing industry with a Silicon Valley-first mantra: if we can’t ride a bicycle to it, we won’t invest. Today, that motto’s playing out a bit differently: on the streets of New York City, over Citi Bike.

And it’s Sequoia, which opted to launch a London office last year but still has no permanent presence in America’s most populous city, that hasn’t caught up to the VC zeitgeist. Everywhere you turn in New York startup circles, you’ll find investors who have either moved in recent months or been hired by West Coast firms looking to

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