Sequoia shutting down its Scouts program marks the end of an era

Sequoia Capital is shutting down its scout program, a model it pioneered 17 years ago, as the venture capital firm focuses on a more targeted approach. The decision is seen as a sign that the scouting model has reached its limits in its current form. Other venture capital firms, including Andreessen Horowitz, have also questioned the effectiveness of the scouting model and are shifting towards a more focused approach. The move is likely to impact the way venture capital firms source deals and interact with startups in the future.