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Sequoia Capital Reduces Size of Existing Crypto and ‘Ecosystem’ Funds

By
Natasha Mascarenhas
· · Source: The Wall Street Journal

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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OpenAI's Greg Brockman (left) and Google's Demis Hassabis (right). Photos by Getty.
AI Agenda google ai
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From left, a Google TPU, Broadcom CEO Hock Tan and Google Cloud chief Thomas Kurian. Photos via Getty, Google and YouTube.
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Flexport founder Ryan Petersen. Photos via Getty and Flexport.
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Photos via Eiso Kant (left) and YouTube/VMWare Tanzu (right)
AI Agenda startups ai
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