Prominent Venture Capitalist Chris Sacca Retires From Investing

Chris Sacca, a prominent venture capitalist, is retiring from investing, he said in a blog post Wednesday morning. Sacca was an early backer of Twitter, Instagram, Uber and several dozen other companies, both as an individual investor and through his firm, Lowercase Capital. He’s a celebrity in Silicon Valley circles, with a reputation for his cutting commentary and loud, Western-themed shirts.

Sacca says his firm will continue to support its current portfolio companies. But Lowercase Capital will not take on any new investments or raise more money from investors. Sacca says he’s spent the last several years trying to do his job part-time. “But my personal style of startup investing doesn’t work when I’ve just got toes dangling in the water,” he wrote.