Sequoia Capital has been invested in crypto since 2015, but the VC firm recently raised the stakes by announcing its first sector-specific fund: a $500 million Sequoia Crypto Fund focused on liquid tokens and digital assets.
In this episode of The Scoop, Sequoia partners Shaun Maguire and Michelle Bailhe sit down with host Frank Chaparro to discuss Sequoia’s new fund and explain how the power dynamic between venture firms and crypto native founders has evolved.
As Maguire explained:
“Crypto founders now have a lot more options than they did in the past. There were so few VCs that would invest in crypto – at least during the bear markets the last five years – those funds had huge amounts of leverage and could operate in a way that was very beneficial to the funds. That leverage has shifted to the founders, and now the founders get to be very selective and choose what they want.”
So what are these crypto-native founders looking for when it comes to selecting VC firms? Mag
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