Greylock capped its new fund at $1.5 billion despite saying it could have raised more, partner Saam Motamedi explained at TechCrunch Disrupt 2023

Greylock is a venture capital firm known for early‑stage investments. The firm announced a new fund sized at $1.5 billion. In remarks at TechCrunch Disrupt 2023, partner Saam Motamedi addressed the fund size. Motamedi said the firm deliberately capped the fund at $1.5 billion. He added that Greylock could have raised a larger amount if it chose. The decision reflects the firm’s strategic approach to capital allocation. Limiting the fund size may influence the types of companies Greylock backs. Observers will watch how the capped fund impacts Greylock’s investment pace.