MENLO PARK — A leading venture capital firm today unveiled a $500 million fund focused exclusively on fixing market distortions, inflated valuations, and unsustainable business models created by its last three funds.

Partners described the strategy as “full-stack value creation.”

“This fund is uniquely positioned to address challenges we are deeply familiar with because we caused most of them,” said one managing partner.

Limited partners reportedly called the approach “innovative” and committed another $200 million on the spot.