VCs are fleeing ex-Facebook exec Chamath Palihapitiya's firm to launch an offshoot fund: 'It's like Social Capital without Chamath'
Business Insider -

Investors are fleeing Social Capital, the young venture firm founded by early Facebook executive Chamath Palihapitiya, to start a fund of their own.

Ted Maidenberg, a founding partner of Social Capital, is leaving the firm to join former colleagues Arjun Sethi and Jonathan Hsu at the new fund.

Social Capital, one of Silicon Valley's most buzzworthy tech investing firms to emerge in recent years, is unraveling amid a wave of departures — and many of the departing team members are regrouping to...


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