VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff (Erin Griffith/New York Times)

Erin Griffith / New York Times:
VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff  —  CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured.