Meet the new guy on the venture-capital block: Steven A. Cohen of SAC Capital Advisors, a billionaire hedge-fund manager whose net worth is estimated at $6.4 billion.
Cohen is looking to hire a general partner to run his own, personal
venture-capital fund, according to sources who spoke to VentureBeat confirming
DealBreaker’s earlier report. DealBreaker suggested that the fund
will be around $100 million in size. But it’s our understanding that the
fund will invest Cohen’s own money, not SAC’s.
If that’s the case, it will be more open-ended than the traditional venture-capital fund. Cohen could end up spending nothing on startups. He could — in theory — go all-in with his entire fortune. Anyone need $6.4 billion?
To read the full, original article click on this link: This VC has $6.4 billion. Want some? | VentureBeat
Author: Owen Thomas
