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Why Greylock capped its new fund at $1.5B when it says it could have raised more
By keeping the number of investments to about 25 per fund, Greylock aims to remain what it calls "the most important partner" to its founders.
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Greylock's decision to cap its new fund at $1.5 billion is noteworthy given its claim that it could have raised more. The firm's strategy of limiting the number of investments per fund to around 25 is likely a key factor in this decision.
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