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Sequoia Capital's latest addition: Neil Shen

Updated

images.jpeSequoia Capital, one the more accomplished venture firms in Silicon Valley, has apparently added a new partner, according to Pacific Epoch. Could this be a move by Sequoia to answer the frenetic partner-hiring spree this year by its chief rival, Kleiner Perkins Caufield & Byers, which picked up Colin Powell and a slew of others?

shenSequoia, which gave early money Google, Cisco, Yahoo and many more, has scooped up Neil Shen (pictured here), the co-founder and chief financial officer of Ctrip, the online travel company in China. Shen will apparently remain on Ctrip's board of directors and stay with Ctrip for three more months.

Call it Sequoia's summer surprise -- trying to catch Kleiner asleep in August. Speaking of which, we may post soon about another possible summer surprise, potentially more significant...stay tuned.

Update: Comment below makes a good point about this possibly being Sequoia's first appointment in China. In fact, we did ask Sequoia yesterday to confirm that Shen will remain based in China, but we never heard back. For what it's worth, Kleiner doesn't a presence in China.



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From: China Venture News
VCs See Rising Tide in China‚s IPOs
Excerpt: Venture capitalists in board rooms from Hong Kong to Silicon Valley are engaged in high octane meetings strategizing about the next China IPO in the wake of Baidu.com Inc.'s recent blockbuster $2.5 billion Nasdaq financial splash stll surging through t...
Tracked: August 10, 2005 8:22 AM

Comments

Do you mean "addition" instead of "edition", or is this a joke that I just don't get?

Bob on August 5, 2005 5:50 PM
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nice catch. fixed!

matt marshall on August 5, 2005 6:28 PM
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Shouldn't the bigger news be that (reading between the line here, so excuse me if I'm jumping to conclusions :) ) that this is the first time an "Ultra" Tier 1(you know KP, Benchmark, Sequoia) VC firm will opened up offices in China?

will on August 5, 2005 6:29 PM
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