Sequoia Capital has cut the size of its cryptocurrency fund to $200 million from $585 million and cut its “ecosystem” fund, which backs other venture funds, to $450 million from $900 million, according to the Wall Street Journal. The firm first announced the funds in February 2022. The move is a sign of how venture capital firms are changing their strategy, including returning some money they...
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Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament. How had they done it, she asked him. How had the EU managed to bring big tech to heel? The liberal Massachusetts senator, alongside Sen. Richard Blumenthal (D-Conn.), had stopped off in Brussels on August 25 to speak with European...
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