US venture capital firm Sequoia Capital has named South African Roelof Botha as its new global head.

Botha will take over the reins on July 5 after first joining the company in 2003, where he has led investments in Instagram, YouTube, the DNA-testing company 23andMe and the cross-platform game engine Unity among others. Sequoia is also known for some of its early investments in Apple, Google and Airbnb...

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