DeFiance Capital founder: The current crypto primary market does not have enough opportunities to match the scale of billions of dollars in funds

ChainCatcher message, in response to the previous news about Sequoia Capital reducing its investment scale in cryptocurrency funds, DeFiance Capital founder Adrian tweeted that Sequoia is just doing the right thing, and every U.S. VC with a large asset management scale should take the same approach, either returning most of the managed assets to LPs or splitting the large fund into several smaller funds with different strategies, with LP approval.

In addition, Arthur also stated that Sequoia made a very brave and correct decision. Currently, there are not enough opportunities in the primary market for cryptocurrency to match the scale of billions of dollars in funds, especially considering the uncertainty of exits.