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Greylock Boots Up $20M Seed Fund

Venture capital firm Greylock Partners today announced that it has started a new, $20M seed fund run by LinkedIn founder Reid Hoffman. According to Hoffman, at the TechCrunch Disrupt conference, the fund will go towards small-scale investments into startups. The new fund is ap ortion of Grelock's $575M fund, which it announced in November of last year. That fund is the one which saw Hoffman joining Greylock as an investment partner.