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Sequoia Capital Cuts Crypto Fund by Over 65% to $200 Million – What's Going On?

Venture capital giant Sequoia Capital has slashed the size of its cryptocurrency fund by over 65%, reducing it from $585 million to $200 million, Wall Street Journal reported citing sources familiar with the matter. The...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Sequoia Capital Cuts Crypto Fund by Over 65% to $200 Million – What's Going On?
Venture capital giant Sequoia Capital has slashed the size of its cryptocurrency fund by over 65%, reducing it from $585 million to $200 million, Wall Street Journal reported citing sources familiar with the matter. 
The venture capital giant has also made corresponding cuts to its ecosystem fund, reducing it by half from $900 million to $450 million, Wall Street Journal’s sources revealed. ...
Read More: Sequoia Capital Cuts Crypto Fund by Over 65% to $200 Million – What's Going On?

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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