The frenzy to buy up as much stock as possible in the most buzzed-about Internet companies in the world is spurring something that many venture observers claimed was a thing of the past—the mega-venture fund.
The latest example is Greylock Partners, which has reopened its last fund and boosted its size to $1 billion from $575 million. The expansion enables the firm to invest up to $200 million in growth investments, and it’s no mystery which companies it will be looking to invest in. It’s already a stakeholder in Facebook and Groupon, two of the four biggies, along with Twitter and Zynga, that are driving some of the most prominent VC firms to push all their chips into the middle of the table.
To read the full, original article click on this link: Greylock Shows Mega-Venture Funds Are Back In Vogue - Venture Capital Dispatch - WSJ
Author: Zoran Basich
