Greylock deliberately capped its new fund at $1.5B—and it's the right move. In our second project, we raised $800k when we could've taken more. Turns out, excess capital only dilutes focus.
Now in our third startup, the rule is simple: if we can't explain how $100k will grow ARR within 6 months—we don't take it. Just like Greylock, only at micro-scale.