Gautam Mago, a managing director at Sequoia Capital, has resigned after working with the venture capital and growth-stage investor for 10 years.
“Change is at the heart of our business, time to embrace it. Will transition away from current role. Been a privilege to work with founders and the Sequoia team, thankful for all the learnings,” tweeted Mago.
He did not mention what his next step would be except tweeting that he “looks forward to catching up with many folks over the next few months."
Mago was involved in at least 16 of Sequoia's portfolio firms, including mobile wallet company MobiKwik, branded budget hotel marketplace OYO Rooms, cab-hailing firm Ola, digital healthcare platform Practo and online furniture store UrbanLadder.
“All areas where technology can impact or create large markets are interesting to me. Markets and technology keep changing. The only certainty is that tomorrow’s focus will be different from today’s,” he wrote on the Sequoia website.
Mago is also part of non-technology companies such as pharmaceuticals firms Sai Life Sciences and health insurance company Star Health and Allied Insurance Co.
Prior to joining Sequoia, Mago worked with management consulting firm McKinsey & Company. He is an alumnus of Indian Institute of Management, Calcutta.
Sequoia Capital, which has been one of the active investors in India, has 16 investment advisers, including VT Bharadwaj, Mohit Bhatnagar and Shailesh Lakhani.
In the past 10 years, the venture capital firm has invested in over 130 firms at various stages, deploying more than $2 billion and has exited from over 55 firms. The unicorns in its Indian portfolio are Mu Sigma, Ola and Zomato.
It was not an early investor in any of these unicorns and, in fact, came in at a time when they were at a growth stage.