A billionaire venture capitalist and partner at Sequoia Capital has blasted the state of San Francisco’s seedy, drug-addled downtown. : A billionaire venture capitalist and partner at Sequoia Capital has blasted the state of San Francisco’s seedy, drug-addled downtown — lambasting the city’s Democrat leadership which “bans plastic straws but permits plastic needles.” “It’s a strange city that bans plastic straws but permits plastic needles. Yet that’s San Francisco today,” Michael Moritz, 68, seethed in a fiery op-ed published in the Financial Times Wednesday.