Former Facebook Veteran Leads Sovereign Wealth Backed Venture Capital
Asian sovereign wealth funds are becoming larger players in Silicon Valley, as sovereign wealth centers on popular technologies such as cloud computing and the share economy. Temasek Holdings (through a sovereign wealth enterprise), Khazanah Nasional and Singapore’s GIC Private Limited, all have offices in the San Francisco Bay Area. With sovereign wealth capital funding U.S. startups like Uber, Square and MongoDB, more serial entrepreneurs are looking to engage this patient pool of capital. Vertex Ventures, a wholly-owned subsidiary of Singapore sovereign wealth fund Temasek Holdings, focuses on making venture capital investments. Vertex Ventures has invested in U.S. startups such as PayPal, QuickLogic, Vastera, Aurum Software and R2 Technology Inc. Startup executives, from companies such as Facebook, are being lured toward sovereign wealth funds.
He is known in startup circles as Facebook’s “cloud fixer” and was the social networking giant’s vice president of technical operations.
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