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Sequoia Capital partner leaves to start cryptocurrency fund

Ilustration: Rebecca Zisser / Axios

Sequoia Capital partner Matt Huang is leaving the firm to start a cryptocurrency-focused fund with Coinbase co-founder Fred Ehrsam, as the WSJ reported and a source confirms to Axios.

Why it matters: Technology investors have become increasingly interested in the area, with a growing number of venture capital funds making both equity investments in startups as well as purchasing digital tokens from nascent projects.