Sequoia Capital’s Shaun Maguire interviews with CNBC.
CNBC
Virtually 600 folks have signed an open letter to leaders at enterprise agency Sequoia Capital after one in every of its companions, Shaun Maguire, posted what the group described as a “deliberate, inflammatory assault” in opposition to a Muslim Democratic mayoral candidate in New York Metropolis.
Maguire, a vocal supporter of President Donald Trump, posted on X over the weekend that Zohran Mamdani, who gained the Democratic main final month, “comes from a tradition that lies about every little thing” and is out to advance “his Islamist agenda.”
The publish had 5.3 million views as of Monday afternoon. Maguire, whose investments embrace Elon Musk’s SpaceX and X in addition to synthetic intelligence startup Secure Superintelligence, additionally revealed a video on X explaining the comment.
These signing the letter are asking Sequoia to sentence Maguire’s feedback and apologize to Mamdani and Muslim founders. In addition they need the agency to authorize an impartial investigation of Maguire’s conduct prior to now two years and publish “a zero-tolerance coverage on hate speech and spiritual bigotry.”
They’re asking the agency for a public response by July 14, or “we’ll proceed with broader public disclosure, media outreach and mobilizing our networks to make sure accountability,” the letter says.
Sequoia declined to remark. Maguire did not reply to a request for remark, however wrote in a publish on X in regards to the letter on Monday that, “You’ll be able to strive every little thing you wish to silence me, however it’ll simply embolden me.”
Among the many signees are Mudassir Sheikha, CEO of ride-hailing service Careem, and Amr Awadallah, CEO of AI startup Vectara. Additionally on the record is Abubakar Abid, who works on machine studying at Hugging Face, which is backed by Sequoia, and Ahmed Sabbah, CEO of Telda, a monetary expertise startup that Sequoia first invested in 4 years in the past.
At the least three founders of startups which have gone by means of the accelerator program Y Combinator added their names to the letter.
Sequoia as a agency is not any stranger to politics. Doug Leone, who led it till 2022 and stays a companion, is a longtime Republican donor, who supported Trump within the 2024 election. Following Trump’s victory in November, Leone posted on X, “To all Trump voters: you now not have to cover within the shadows…..you are the bulk!!”
In contrast, Leone’s predecessor, Mike Moritz, is a Democratic megadonor, who criticized Trump and, in August, slammed his colleagues within the tech business for lining up behind the Republican nominee. In a Monetary Instances opinion piece, Moritz wrote Trump’s tech supporters have been “making an enormous mistake.”
“I doubt whether or not any of them would need him as a part of an funding syndicate that they organised,” wrote Moritz, who stepped down from Sequoia in 2023, over a decade after giving up a administration position on the agency. “Why then do they dismiss his current felony conviction as nothing greater than a politically impressed witch-hunt over a easy book-keeping error?”
Neither Leone nor Moritz returned messages searching for remark.
Roelof Botha, Sequoia’s present lead companion, has taken a extra impartial stance. Botha mentioned at an occasion final July that Sequoia as a partnership does not “take a political viewpoint,” including that he is “not a registered member of both occasion.” Boelof mentioned he is “pleased with the truth that we have enabled lots of our companions to precise their revered particular person views alongside the best way, and given them that freedom.”
Maguire has lengthy been open along with his political opinions. He mentioned on X final yr that he had “simply donated $300k to President Trump.”
Mamdani, a self-described democratic socialist, has gained the ire of many individuals in tech and within the enterprise group extra broadly since defeating former New York Gov. Andrew Cuomo within the June main.
— CNBC’s Ari Levy contributed to this report.
Correction: Maguire wrote a publish on X in regards to the letter on Monday. An earlier model misstated the day.