When Keith Rabois announced in January that he was leaving Founders Fund and returning to Khosla Ventures, it got here as a shock to many within the venture capital ecosystem – and never simply because Rabois is a giant name within the industry.

This was surprising because, unlike in lots of other fields, venture capitalists traditionally don’t move fairly often – especially those that rise to the extent of partner or general partner, as was the case with Rabois.

VC funds have a 10-year lifecycle, and partners have a great reason to stay that course. In some cases, they could be “key people” in an organization’s fund, which suggests that in the event that they leave, the fund’s LP investors have the appropriate to withdraw their capital in the event that they so select. Many partners and GPs also invest a few of their very own money of their firm’s funds, giving them another excuse to stick with the firm.

So while it isn’t common for high-profile investors to move into the venture capital space, it seems to have happened in recent months. So far this 12 months, there have been significant cases of investors returning to old corporations, withdrawing from investments on their very own or stopping investing altogether.

Just TodayVic Singh, one in all the co-founders of Eniac Ventures, announced he was leaving the corporate he helped present in 2009 to start his own.

Singh joins a growing list of VCs who’ve recently left corporations.

April

• April 30 Ethan Kurzweil announced after 16 years he was leaving his position as a partner at Bessemer Venture Partners. According to him, Kurzweil will create an investment company specializing in early-stage development reports from Axios. Kurzweil will launch the corporate with Christina Shenwho left Andreessen Horowitz on March 29 after 4 years, and Mark Goldberg, who left Index Ventures last fall after eight years.
• April 1 Christina Farr announced that he’ll leave OMERS Ventures, where he has been the lead investor since December 2020 and heads the corporate’s medical technology practice. Farr announced at

March

• After six years as a partner at Accel Ethan Choi announced that he’ll leave the corporate in March and go to Khosla Ventures. Choi will deal with growth-stage investing in his recent company and has backed corporations comparable to Klaviyo, Pismo and 1Password.
• While lots of the recent VC moves have been made by people looking to start something recent or pursue a unique opportunity, not all have done so. March 13, Chamath Palihapitiya Social Capital announced that he fired his partners Jay Zaveri AND Ravi Tanuk. Bloomberg reported that it was due to a fundraising case for the AI ​​startup Groq.
• Rabois wasn’t the just one who dreamed of a boomerang return to its old stomping ground amid the recent surge in investor reshuffles. March 5 Miles Grimshaw announced that after three years in the identical position at Benchmark Capital, he’ll return to Thrive Capital as a general partner. Grimshaw began at Thrive Capital in 2013 and has supported corporations comparable to Airtable, Lattice and Monzo, amongst others.
• While the transition from operator to VC is a standard profession progression process within the startup ecosystem, it isn’t for everybody. March 4 Blonde herself announced that he has come to this conclusion and is leaving Founders Fund, where he was a partner for about 18 months. Blond said he would return to operations and has held positions at corporations including Brex, Zenefits and EchoSign.

January

• After 12 years of labor at Andreessen Horowitz Connie Chan announced she left the corporate on January 23. Chan has been one in all the corporate’s general partners for the past five years and has supported corporations comparable to Cider, KoBold and Whatnot.

Startups don’t avoiding large projects. Here’s my takeaway from the news that The Browser Company’s Arc Browser is now generally available to Windows users, just as Island has raised massive capital for its enterprise browser tool. It’s very encouraging to see startups embracing the core elements of technology, not only the apps available on platforms.

Of course, Chrom still reigns supreme, but it surely may take a while to do away with this horse.

Elsewhere in Startup Land on Equity this week, we delved into Chowdeck’s $2.5 million round. This is a Nigerian company that is reporting impressive growth in the sphere of food delivery in a very difficult market. Keep a watch on this as Nigeria is a big market and no single company has a closed delivery operation there. At least though.

We also took a glance New $150M Corelight Fundraisewhich is excellent news to chew on given its valuation and revenue growth.

On the venture front, we covered two stories: First, Intuition’s commitment to the buyer market is particularly interesting. The Paris-based fund is betting that the most effective approach to make as much money as possible is to go against the B2B SaaS narrative. Second, we see the creation of a new venture capital supergroup: Axios informs that investors with experience at a16z, Bessemer and Index are constructing a new company.

Federal Trade Commission hit Razer a $1.1 million wonderful was imposed on Tuesday. The ruling found that the gaming accessory manufacturer misled consumers by claiming that its eye-catching Zephyr mask was N95 certified.

“In the midst of a global pandemic, these companies falsely claimed that their face mask was equivalent to an N95-certified respirator,” Samuel Levine, director of the FTC’s Bureau of Consumer Projections, noted in an announcement. “The FTC will continue to hold accountable companies that use false and unsubstantiated claims to target consumers making decisions about their health and safety.”

Predictably, Razer countered the committee’s claims.

“We disagree with the FTC’s allegations and have not admitted any wrongdoing as part of the settlement,” an organization representative said in an announcement to TechCrunch. “It was never our intention to mislead anyone, and we have now decided to settle this matter to avoid diverting attention and disrupting legal proceedings while continuing to deal with creating great products for gamers. Razer cares deeply about our community and is all the time committed to delivering technology in recent and relevant ways.

The company then suggested that the criticism had been upheld, adding that it had done every little thing in its power to refund customers and end sales of the Zephyr.

“The Razer Zephyr is designed to offer the community a different and innovative face covering option,” it notes. “The FTC’s claims against Razer related to limited portions of certain statements about Zephyr. “Over two years ago, Razer proactively notified customers that the Zephyr was not an N95 mask, stopped sales, and refunded customers.”

The FTC also officially bans the sale of masks and “making COVID-related false health claims or unsubstantiated health claims about protective health equipment.” It goes a step further: “prohibits (prohibits) defendants from presenting the health benefits, performance, effectiveness, safety, or side effects of protective goods and services (as defined in the proposed order) unless they have competent and credible scientific evidence to support the claims made.” “

The filing suggests that Razer intentionally deceived consumers by telling them that a $100 mask would protect against Covid-19. The virus was definitely highly regarded when the product first launched in October 2021.

The ordinance is currently awaiting approval and signature of a District Court judge.