How much does Sequoia Capital need to fund a crypto fund?

First, Sequoia Capital. The firm is out fundraising for three sub-funds, looking for $500 million to $600 million particularly for a crypto fund, dubbed Sequoia Crypto Fund.

Who is Sequoia Capital?

Fresh off a record year for crypto funding deals, storied venture capital firm Sequoia Capital announced Thursday it has launched a crypto-focused fund with between $500 million and $600 million in capital, becoming the latest Silicon Valley giant to plow money into the burgeoning cryptocurrency space.

Is Sequoia a newcomer to crypto?

Tokens or no, Sequoia is not exactly a newcomer to crypto. Its Chinese and Indian arms have dabbled in crypto projects before. The U.S. wing apparently has, too: a review of public filings showed the firm has worked with Coinbase Custody since at least late June. A spokesperson for Sequoia did not immediately comment.

Is Sequoia rethinking its venture capital model?

"Sequoia dramatically revamps its fund structure as it looks to rethink venture capital model". TechCrunch. Retrieved November 8, 2021. Gone are the 10-year return cycles, which often pushed investors to liquidate holdings in public companies based on set timelines rather than determinations of when investments had fully matured.