<ul><li>Sequoia Capital partner Matt Miller is leaving the firm after a 12-year career to build his own new firm focused on European founders.</li><li>Miller will remain a venture partner with Sequoia and maintain his board seats while planning his next steps.</li><li>His move comes after a conflict with former colleague Michael Moritz earlier this year over the board of fintech Klarna.</li><li>Sequoia later apologized for supporting Miller's move and replaced him with another investor.</li></ul>

Sequoia’s Matt Miller is exiting the firm after making headlines earlier this year

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