Well-known Silicon Valley investor and entrepreneur Shervin Pishevar and Goldman Sachs tech banker are departing Menlo Ventures to start a new company that will focus on formulating a new model of how startups are created.
Pishevar confirmed his move, but Stanford did not respond to a query about the new startup.
The new venture is called Sherpa, which has two parts. One is called The Foundry, which is being funded by a number of major strategic corporations, It will also include well-known entrepreneur partners. There will also be a fund related to invest in the new companies created, which will also include assets from the larger companies.
It’s not exactly an incubator or accelerator, said Pishevar in an interview, given the mixed record of those efforts to create startups.
More than many in the tech scene, the well-connected Pishevar is perhaps best suited to an ambitious effort like Sherpa. He’s has worked closely with a lot of Web 2.0′s hottest startups, such as Uber, Fab and Warby Parker, while also leading Menlo’s investment in Tumblr.
An active angel investor, he has also started a number of companies, such as the Social Gaming Network, which was merged with Mindjolt.
Pishevar will remain there as a venture advisor to Menlo, as part of the change, and has also been named a strategic advisor to Uber, the fast-growing car service.
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