Greylock Partners Says It Raised a $1 Billion Fund


SAN FRANCISCO — Greylock Partners, a Silicon Valley venture capital firm, said it has raised a $1 billion fund as investors increase venture firm funding to highs not seen since the dot-com boom last decade.

It took less than three months for Greylock to raise its latest fund, the firm’s co-managing partner James Slavet said in an interview. Greylock, which was an early investor in Facebook and LinkedIn, now has $3.5 billion in assets under management.

The new fund shows how resilient the venture capital industry has been this year despite worries that the rich billion-dollar-plus valuations of many private companies, known as unicorns, would crash and drag down start-up investors.

Yet in the first three quarters of this year, venture firms have raised $32.4 billion, putting 2016 on pace to be one of the strongest years in terms of fund-raising since 2000, according to a



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