Facebook vice president Chamath Palihapitiya will leave the company as he launches a large new venture fund called The Social+Capital Partnership, with backing from some of the worlds leading business and technology leaders. The new fund will be up to $400 million in size, he says, and will focus on a wide range of investments in technology, healthcare, education and financial services.
Investors in the fund are not yet being disclosed, although Palihapitiya is the largest single limited partner. Facebook is also investing, says the company.
No comments:
Post a Comment