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Why Greylock capped its new fund at $1.5B when it says it could have raised more
While many top-tier venture firms keep raising massively larger funds, Greylock Partners, one of the oldest and most prestigious venture firms in Silicon Valley, is intentionally resisting the trend of ballooning fund sizes.
Summary
While many top-tier venture firms keep raising massively larger funds, Greylock Partners, one of the oldest and most prestigious venture firms in Silicon Valley, is intentionally resisting the trend of ballooning fund sizes. On Tuesday, the 61-year-old firm announced that it had raised a $1.5 billion 18th fund. The number is 50% higher than its previous $1 billion vehicle from 2023 and roughly matches the capital the firm raised across seed and flagship funds during the pandemic.
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