A person called Amit Jain clerks for Supreme Court Justice Sonia Sotomayor. As a Yale student, Jain blasted Yale for supporting Brett Kavanaugh’s nomination. Jain was quoted in a 2017 Politico piece by Josh Gerstein. Today, Gerstein published the draft SCOTUS opinion on Roe.
Amit Jain of Sequoia Capital India will step down as CEO to pursue entrepreneurship, the blue-chip venture capital firm confirmed in a series of tweets on the microblogging site Twitter on Wednesday.
Jain joined Sequoia Capital India in 2019 from global taxi company Uber as part of the growth-stage venture capital firm’s investment business, based in Singapore.
A graduate of the Indian Institute of Technology, Delhi and Stanford University, Jain will continue to serve as Sequoia India’s Entrepreneur-in-Residence while developing plans for his new venture.
“Amit joined us from Uber in 2019 and brings a world-class operator perspective to our investment team. He has contributed amazingly to so many startups, leading or co-leading growth rounds and delivering an impressive track record at scale Larger company boards,” Sequoia India said in a statement on Twitter.
“Amit is creating a startup with huge potential and belongs to an exciting field. He will be with us as an entrepreneur in residence for some time while he lays out the blueprint for his ambitious new ideas. We will miss He, but couldn’t be more excited about what’s coming,” the venture capital firm added.
Our culture is very entrepreneurial, making @Sequoia_India fertile ground for future founders of the entire business.
Before joining Sequoia, Jain was head of Asia Pacific at Uber. He is also president of Rent.com, a Los Angeles-based home classifieds site, and has worked at TPG Capital and McKinsey & Company. News of Jain’s ouster comes as Sequoia India is in talks to raise a $2.8 billion fund to increase its venture capital investments in India and Southeast Asia.
Over the past year, Sequoia Capital India has promoted five of its senior executives to managing directors to expand its leadership. Ashish Agarwal and Harshjit Sethi from the fund’s venture capital team and Tejeshwi Sharma, Ishaan Mittal and Sakshi Chopra from the growth team have been promoted to the MD level.
In July 2020, the global venture capital firm said it had secured a total of $1.35 billion in commitments for two new funds focused on India and Southeast Asia. That includes an $825 million fund focused on investing in growth-stage companies.
Sequoia India CEO Shailendra Singh tweeted that he was looking forward to a much-needed solution in the startup funding environment and thankfully talks are refocusing on revenue, product, unit economics and savings.
In response to Sequoia’s statement, Jain said: “When you work with super startup teams and founders, it’s hard not to find bugs! I look forward to launching my own startup in the next few weeks.”