Sequoia Capital has launched a $195m dedicated seed fund, it’s fifth. The vehicle will be used to back founders across the United States and Europe. The capital will also be used to invest in future cohorts or its Arc program, an internal Sequoia initiative that invests between $500,000 and $1 million into rising founders across the world and that’s currently accepting applications.
Lin, who TechCrunch’s Connie Loizos interviewed last week at her StrictlyVC event, said the experience hasn’t soured Sequoia’s interest in crypto. Though he said that just 10% of Sequoia’s crypto fund has been deployed one year after it was launched, he added that Sequoia remains “long-term optimistic” about crypto.
Sequoia partner Stephanie Zhan says that it’s “never too early to partner with Sequoia. We want to meet founders right at the beginning of their thought process” and to “play an active role early on.”
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