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Neo, a new ‘communal’ venture fund by Ali Partovi, has closed with $80 million | TechCrunch

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It happens every day of the week. People who’ve been successful in tech invest in who they believe could be the tech leaders of tomorrow. Now a new fund called Neo is taking the idea to the nth degree. Started by serial entrepreneur, successful investor and half of Silicon Valley’s best-known and networked set of twins, Ali Partovi, Neo “identifies awesome young engineers, includes them in a community of tech veterans, and invests in companies they start or join.” The conceit isn’t entirely new. Several years ago, Bloomberg Beta, the venture firm backed by the media and services giant Bloomberg, began a data-driven campaign to identify people who it suspected might eventually begin a company. The idea was to start a dialogue with those individuals, and continue it. The personal loans startup Upstart somewhat similarly began life as a way for investors to bet on individuals poised for success. (Investors on its platform would lend money to individuals in exchange for a percentage of the

Neo, a new 'communal' venture fund by Ali Partovi, has closed with $80 million | TechCrunch Neo, a new ‘communal’ venture fund by Ali Partovi, has closed with $80 million Connie Loizos 7:42 AM PDT · August 21, 2018 It happens every day of the week. People who’ve been successful in tech invest in who they believe could be the tech leaders of tomorrow. Now a new fund called Neo is taking the idea to the n th degree. Started by serial entrepreneur, successful investor and half of Silicon Valley’s best-known and networked set of twins, Ali Partovi, Neo “iden

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