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Get in Touch Before it’s here, it’s on the Bloomberg Terminal Bloomberg Terminal LEARN MORE FacebookTwitterLinkedInEmailLink Gift By Yaacov Benmeleh March 29, 2022 at 1:30 PM GMT+2 Updated on March 29, 2022 at 6:16 PM GMT+2 BookmarkSave Lock This article is for subscribers only. The ongoing tech downturn has caused late-stage venture capital funds to pull back activity as risks to the economy mount, according to a senior executive at Sequoia Capital. Venture capital funds have gone from telling portfolio companies “run, run, run” to “stop, stop, stop,” said Sequoia Capital Managing Partner Doug Leone in an interview. With “prices sticking downwards,” there are “fewer investors and fewer founders as typical in a down-market cycle,” he said. Have a confidential tip for our reporters? 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