Why Greylock capped its new fund at $1.5B when it says it could have raised more

Greylock Ventures has raised a $1.5 billion fund while intentionally capping its size to maintain a high-touch investment strategy. The firm aims to support a small number of startups by providing deep operational guidance rather than scaling its capital base aggressively.
Why it matters
This highlights a strategic divergence in venture capital, where some top-tier firms prioritize quality and hands-on support over the industry trend of massive fund expansion.
While many top-tier venture firms keep raising massively larger funds, Greylock Ventures, one of the oldest and most prestigious venture firms in Silicon Valley, is intentionally resisting the trend of ballooning fund sizes.
The article provides a straightforward business report on a firm's strategic decision without injecting political or ideological bias.
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