One-Time ‘SPAC King’ Chamath Palihapitiya Just Fired 2 Partners From His VC Firm Over a ‘Situation’ at an AI Startup

Social Capital, the venture capital firm led by podcaster and former Facebook executive Chamath Palihapitiya, fired two of its partners related to an undisclosed matter involving its investment in startup Groq ., Fortune reports,

While the firm has declined to elaborate on the reasons for the firings, one person familiar with the matter said that it stemmed from perceived breaches of company policy. 

Social Capital spent recent years at the forefront of the SPAC boom. Read more.


Source: One-Time ‘SPAC King' Chamath Palihapitiya Just Fired 2 Partners From His VC Firm Over a ‘Situation' at an AI Startup