Sequoia Capital has reduced management fees for two of its recently launched funds, including a $950 million fund to invest in a fund formed by former Sequoia members, said Alfred Lin, a partner at Sequoia, according to Reuters. Eco Fund, another $600 million cryptocurrency fund that invests in cryptocurrency companies and tokens. Cryptocurrency funds have currently deployed 10% of their capital. Alfred Lin said that Sequoia Capital's investment will slow down, but it will continue to move forward, still holding a long-term optimism about cryptocurrencies and various other fields.