A pair of VCs who invested in Nest and The Honest Company explain why they raised a $262 million fund to invest in young startups

“When we first got together, we saw that there was, at the time, a proliferation of seed capital,” Sequeira said. “For multifaceted reasons, it was easier for companies to raise seed or later-stage capital. We saw there was an opening to go for where the returns have always been great, and that’s in early series…