: Sequoia Capital hacks crypto fund as part of downsizing

Storied venture-capital firm Sequoia Capital has slashed two major funds as part of a significant downsizing in the midst of a broad startup downturn. The Silicon Valley firm pared its cryptocurrency fund to $200 million from $585 million, according to a report Thursday in the Wall Street Journal that cited people familiar with the matter. It also slashed the size of its ecosystem fund, which invests in other venture funds, to $450 million from $900 million, the report said.

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