TechFlow news: Adrian, founder of Newman Capital, commented on Redwood Capital's decision to reduce the investment size of its cryptocurrency fund, stating that Redwood is simply doing the right thing. Every large U.S. VC with substantial assets under management should follow suit—either return most of their managed assets to LPs or, with LP approval, split their massive funds into several smaller funds with distinct strategies.
Arthur, founder of DeFiance Capital, agreed with Adrian, adding that there are currently not enough early-stage opportunities in the crypto space to justify billion-dollar venture funds, especially given the uncertainty around exits.
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