8VC, a venture capital firm co-founded by Joe Lonsdale, is seeking to raise approximately $1 billion for its sixth fund, according to a recent regulatory filing. The Austin-based firm aims to collect nearly $998 million, which would position this fund among the largest ever raised in Texas. Lonsdale, known for his support of Donald Trump and as a co-founder of Palantir, is leading this fundraising effort. The move comes amid a broader trend in the venture capital sector, where established partners are leaving traditional firms to create or join new funds, reflecting a shift in the investment landscape.