Mayfield raised just shy of $1B to avoid unicorn hype

Navin Chaddha, the storied investor running Mayfield Fund, doesn’t want to be running a billion-dollar fund like many of his peers. “Everyone wants to be Sequoia or a16z,” he said, in an interview with TechCrunch. “We want to be who we are: just copying somebody else is strategy for disaster, strategy for failure.”
“We could have raised $2 billion, but what will we do if we don’t believe in it — you just need a billion to be called a unicorn VC fund? There’s no such need, “Chaddha said.
He’s getting closer to riding a unicorn, nonetheless.
Mayfield Fund announced today that it has raised

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