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Former Social Capital Vcs Make Their First Investment As New Fund Tribe Capital

by businessinsider.com posted 9months ago 41 views
Tribe Capital, the new venture firm founded by partners who quit Social Capital en masse, is co-leading a $22.7 million investment into a hot cryptocurrency startup. The firm is leading the investment alongside Social Capital, which was founded by former Facebook executive Chamath Palihapitiya. It suggests no hard feelings between the two. We know a little bit more about Tribe Capital's activities now. The firm will focus on internet and software companies and use data to make better investment bets.

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