Why VC’s Platform Teams Are on the Chopping Block

Sequoia Capital has let go of seven members of its in-house recruiting and talent team, following the departure of five partners.
This move signals a need for other firms to reevaluate their platform teams, which have grown significantly during the bull market.
Many venture capital firms have adopted the concept of offering startups both capital and hands-on support, leading to an increase in noninvestment professionals on staff.
The number of noninvestment professionals in VC firms has increased from 27% to 37% since 2000, while the average venture firm has expanded its headcount by 124%.
A community of platform venture capitalists claims that having these employees leads to higher returns.