Greylock Caps New Fund at $1.5B Despite Capacity for More

Venture capital firm Greylock has deliberately limited its new fund to $1.5 billion, even though the firm says it had the ability to raise a larger amount. The decision is tied to the firm's strategy of making roughly 25 investments per fund. By keeping its portfolio size small and focused, Greylock aims to provide deep, meaningful support to each of its founders. The firm describes its goal as being the most important partner to the entrepreneurs it backs.