I believe Sequoia has been running this as a closed program in some form [1], before finally deciding to make it open. The other factor if I were to take a gue

I believe Sequoia has been running this as a closed program in some form [1], before finally deciding to make it open. The other factor if I were to take a guess is tooling to keep up with the needs peculiar to early stage companies. Sequoia, like YC, is one of the few VC firms that makes its own software tools for internal use. 1: https://techcrunch.com/2019/06/07/a-peek-inside-sequoia-capitals-low-flying-wide-reaching-scout-program/amp/ https://techcrunch.com/2019/06/07/a-peek-inside-sequoia-capi...