My theory is they pivot to crypto or something else. I'm trying to find an objective metric of "Still an active VC fund", going with "make any investments into new companies". Please ask clarification questions, and/or point to other markets who have defined this well! I won't bet.

Resolution criteria:

• Public and confirmed by e.g. CrunchBase

• New companies they hadn't had money in before

• During the year 2025

• C-Corp and non-US equivalent. Other assets including DAO don't count