Botha’s SpaceX board seat blindsided Sequoia partners, FT source says

Former Sequoia leader Roelof Botha didn’t consult compliance or get the partnership’s sign-off before joining SpaceX’s board, an unnamed source told the Financial Times, according to TechCrunch. The report says the role could complicate Sequoia’s ability to trade its $20 billion stake. Sequoia says it continues to “collaborate closely” with Botha.