Greylock's Strategic Decision to Limit New Fund to $1.5B Despite Potential for Larger Raising

Greylock Partners chose to cap its new fund at $1.5B despite potential to raise more, prioritizing early-stage investments and portfolio quality over fund size expansion. The firm emphasizes strategic restraint to maintain close partnerships with entrepreneurs and focus on incubating startups from initial stages.

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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