VC Formation 8 Axes Plans For A Third Fund [Memo]

We’ve heard about consolidation in the word of startups; today comes some news about a thinning of the ranks among VCs. Formation 8 — the VC firm co-founded by Palantir’s Joe Lonsdale, Brian Koo and Jim Kim — is winding down its investment activities. Specifically, the VC has sent out a memo to portfolio companies noting that it will not raise a Fund 3, according to… Read More