Source: TechCrunch
Summary
Ron Conway, a well-known Silicon Valley investor, announced that he will be stepping back from some of his usual activities. Conway will continue to support founders backed by his firm SV Angel. The news was shared in a letter to the firm’s portfolio companies. Conway did not specify the reasons for his decision. The move is seen as a significant development in the venture capital industry.
Our Reading
The announcement sounds ambitious.
Ron Conway is scaling back, but not out. He’s still supporting his portfolio companies, because that’s what VCs do. This isn’t a retirement, it’s a rebrand. “Stepping back” is the new “focusing on what really matters.” SV Angel will likely continue to invest in the same ideas, with or without Conway’s daily involvement. After all, the show must go on.
Author: Evan Null
