Source: Reuters
Summary
Greylock Partners, a venture capital firm, has raised $1 billion for its 16th fund, according to a report. The firm aims to maintain its focus on making a limited number of investments, around 25 per fund, to remain a close partner to its founders. Greylock has invested in companies such as Airbnb, LinkedIn, and Nextdoor.
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The announcement sounds ambitious.
Greylock Partners raises $1 billion for its 16th fund, with plans to keep its investment portfolio small, at around 25 companies per fund. The firm claims this approach allows it to be the “most important partner” to its founders. Because nothing says “important partner” like a $1 billion fund and a promise to only invest in a few dozen companies. It’s a strategy that’s been working for them since, well, always.
Author: Evan Null
