Craft Ventures, the eight-year-old venture firm co-founded by White House adviser David Sacks, last week laid off half a dozen employees who were largely involved in recruiting professionals for startups it backs, a spokesperson confirmed. It made the changes as the firm's investors have shifted their focus to later-stage investments from very early-stage investments, according to a person with direct knowledge of the changes.

Jeff Fluhr, co-founder of the firm, is also stepping back as general partner to be a venture partner, according to the spokesperson. Such a role usually indicates that a member of a venture firm is no longer making active investments.