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In
November 2015, the company disbanded, and the founders went their separate ways, reportedly because the founding partners had different investment strategies and interests. Axios reported closure was due to a string of bad investments and Koo leveraging a fund without limited partner approval via
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In 2012, Formation 8 intended to close its first round fund with $ 200 million, but delayed until 2013 to accommodate more limited partners. In April 2013, it closed its first round fund with $ 448 million. It recorded a net internal rate of return (IRR) of 95%, easily making it one of the best
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The company was founded in 2011 by three partners: Jim Kim, Brian Koo and Joe
Lonsdale. The team was later joined by James Zhang of
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The firm was one of the most successful venture capital firms in the industry before abruptly disbanding in
November 2015.
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362:"Formation 8 Raises Its First Fund Of $ 448M To Plug Silicon Valley Startups Into Asian Conglomerates"
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309:"A partner at top Silicon Valley firm Formation 8 explains why the VC dream team just broke up"
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In
December 2014, it closed a second fund of $ 500 million, and added some billion dollar
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Magazine described the firm as "the hottest venture capital since
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performing funds in the industry. Its notable hits included
512:"Israeli Internet-of-Things co Augury raises $ 7m - Globes"
146:, Jim Kim, and Brian Koo. The company was headquartered in
462:"What Caused Formation 8 To Split, and What Comes Next?"
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Chief
Financial Officer who is now president of the
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Financial services companies disestablished in 2015
334:"New VC fund Formation 8 has $ 450M, star partners"
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442:"Formation 8 Closes Its $ 500 Million Second Fund"
567:Financial services companies established in 2011
487:"Behind the failure of VC firm Formation Group"
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165:China Venture Capital and BioDiscovery and
547:Venture capital firms of the United States
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562:Private equity firms of the United States
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217:startups to it portfolio, including
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415:"The hottest VCs since Andreessen"
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552:2011 establishments in California
557:Companies based in San Francisco
440:Ryan Lawler (December 3, 2014).
221:and South Korean mobile company
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339:Silicon Valley Business Journal
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148:San Francisco, California
106:San Francisco, California
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193:, the startup bought by
142:firm founded in 2011 by
189:for $ 2 billion, and
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284:Wish (ContextLogic)
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197:for $ 390 million.
175:San Francisco 49ers
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88:November 2015
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129:$ 948,000,000
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494:. Retrieved
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468:. 2015-10-11
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425:November 14,
423:. Retrieved
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399:November 14,
397:. Retrieved
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390:"SEC Form D"
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372:. Retrieved
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344:. Retrieved
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317:. Retrieved
315:. 2015-11-14
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287:Yello Mobile
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223:Yello Mobile
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144:Joe Lonsdale
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124:Total assets
100:Headquarters
68:Joe Lonsdale
31:Company type
466:fortune.com
280:Venturebeat
261:LearnSprout
258:Hyperdyadic
255:Foro Energy
136:Formation 8
17:Formation 8
541:Categories
472:2017-08-04
447:TechCrunch
367:TechCrunch
319:2017-08-04
293:References
247:Blend Labs
208:Andreessen
167:Tom Baruch
496:29 August
239:Aka Study
200:In 2013,
72:Brian Koo
275:RelateIQ
229:a loan.
191:RelateIQ
187:Facebook
171:Facebook
163:Softbank
112:Products
41:Industry
270:OpenGov
219:Illumio
215:unicorn
203:Fortune
157:History
92:2015-11
90: (
85:Defunct
75:Jim Kim
59:Founder
51:Founded
35:Private
265:Oculus
243:Augury
183:Oculus
491:AXIOS
498:2023
427:2018
401:2018
376:2018
348:2018
54:2011
419:CNN
394:SEC
210:."
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
