PayPal has paused plans to sell its venture capital portfolio for around $900 million to $1 billion, according to an Axios report summarized by Techmeme. The report, citing sources, says bids came in lower than the company had hoped. The reported pause comes months after PayPal decided to wind down PayPal Ventures, its venture capital arm. The provided material does not identify bidders, list portfolio companies, or specify how far the sale process had advanced before being paused. For now, the story is best read as a developing secondary-market process rather than a completed transaction. The available sourcing supports the pause and the rough target range, but not a final valuation, buyer group, or revised plan for the portfolio. Who benefits: Potential buyers of the portfolio may benefit if PayPal resumes a sale process with lower expectations. That is conditional on the process restarting, which the provided material does not confirm. Who's exposed: PayPal remains exposed to the timing and valuation of any eventual exit from the venture portfolio. Portfolio companies may also face uncertainty while the future ownership or management of those stakes remains unresolved.