Facebook vice president Palihapitiya 'Swing' to anothers

Facebook vice president swing to another

Palihapitiya, who joinedFacebook in 2007 and led the launch of the
Facebook platform, has been investing for the last several years
through a fund called Embarcadero Ventures. Not all of his
investments through that fund have been disclosed, but they include
Playdom, Peixe Urbano, Pure Storage, Yammer and others.
The new fund will have an initial size of $200 – $400 million, with
the ability to make large secondary investments as well. But what
Palihapitiya is really focused on isn’t the fund size; rather, he
talks about the extraordinary nature of the investors. “These are
fifteen of the most important technology and business leaders in
the world,” he says.
The fund will specifically leverage the Facebook Platform in many
of its investments, says Palihapitiya. One example he gives is
about how traditional risk models around lending aren’t efficient.
“We can rewrite these models to leverage social data,” he says, to
increase efficiency.Read more

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