Sequoia Capital is the latest to pull back from crypto, paring down two major venture funds, including its crypto fund, in an effort to downsize. TechCrunch Desktop Logo TechCrunch Mobile Logo Latest ...

One of the largest Silicon Valley-based VC firms, Sequoia Capital, has slashed its cryptocurrency fund by 65.8% from $585 million to $200 million in an attempt to respond to changed market conditions.

Unlike crypto, though, AI as a concept has a relatively long history; the first U.S. trademark for an AI business was filed in 1981, and AI-related logos began to crop up throughout that decade.

Sequoia Capital Slashes Crypto Fund as It Downsizes Amid Startup Crunch. Share. Resize. Listen (2 min) Advertisement. This copy is for your personal, non-commercial use only.

Sequoia's investment in the crypto exchange was spread across two funds. It invested $150 million into FTX through its third growth fund, which Sequoia said totaled less than 3% of that fund's ...

Sequoia Capital Trims Crypto and Ecosystem Funds. VC investor Sequoia Capital slashed its cryptocurrency fund from $585 million to $200 million to focus more on backing younger startups after the ...

Sequoia Capital Slashes Crypto Fund From $585M to $200M : WSJ. CoinDesk. Jul. 27, 2023, 03:29 PM. Venture capital giant Sequoia Capital has cut the size of its cryptocurrency fund by more than 65% ...