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Greylock closes $1 billion fund

Greylock Partners is getting another $1 billion to invest in startups. The long-time venture capital firm is announcing its 15th fund, bringing the total to $3.5 billion currently under management. With 50 years of investing in the books, Greylock has backed industry leaders in the enterprise IT and consumer internet categories, including LinkedIn, Dropbox, Facebook and Airbnb.
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