New VC Firms Emerge From Ashes of Silicon Valley’s Formation 8
- Jim Kim is said to seek $200 million for an early-stage fund
- Two other Formation 8 partners start firm Winter Ventures
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Venture capitalists from Formation 8, a much-hyped young firm that broke up unexpectedly last year, are going their separate ways. They’re now preparing to introduce several new VC funds to back technology startups that appeal to their various interests.
Jim Kim, a longtime venture investor who worked at Khosla Ventures and CMEA Capital before Formation 8, is raising about $200 million for a fund that will specialize in early-stage investing, according to two people briefed on the plans.