Letter: Social Capital narrows the scope of its Fund V to ~$1B with a focus on early-stage deals vs prior plan to raise much more and back growth-stage startups (Dan Primack/Axios)

Dan Primack / Axios:
Letter: Social Capital narrows the scope of its Fund V to ~$1B with a focus on early-stage deals vs prior plan to raise much more and back growth-stage startups  —  Social Capital, the VC firm led by Chamath Palihapitiya, has narrowed the scope of its new fundraise, according to a letter sent …