Just a day after General Catalyst, the 18-year-old venture firm, revealed plans in an SEC filing to raise a record $1.375 billion in capital to shower on startups, another firm that we’d said was likely to file any second has done just that.
According to a fresh SEC filing, Lightspeed Venture Partners, also 18 years old at this point, is raising a record $1.8 billion in new capital commitments from its investors, just two years after raising what was then a record for the firm: $1.2 billion in funding across two funds (one early stage and the other for “select” companies in its portfolio that had garnered traction).
Still on our watch list: news of bigger-and-better-than-ever funds from other firms that announced their latest funds roughly two years ago, including Founders Fund, Andreessen Horowitz, and Accel Partners.
The supersizing of venture firms isn’t a shock, as we wrote yesterday — though it’s also not necessarily good for returns, as we also noted. Right now, venture firms ..