Chamath Palihapitiya, managing partner and founder of The Social + Capital Partnership, stands for a  photograph after a Bloomberg West television interview in San Francisco, California, U.S., on Tuesday, May 21, 2014. After a four-year career at Facebook Inc., where Palihapitiya worked on mobile products and expanded the company internationally, he left to form Social+Capital. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Chamaht Palihapitiya

ISSUE – Sep. 26 | The death of once high-flying VC funds. With the winding down of Social Capital, a particular era of Silicon Valley comes to a close

They all started with the best of intentions. Formation 8 talked about bringing “smart enterprise” to the corporate world. Social Capital talked about how to “fix capitalism” and Binary Capital wanted to “affect global behaviour change.” Rothenberg Ventures set out to “work on the biggest problems that change the world.” [ Tech Crunch ]

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