Dec 12, 2024 - Business

Scoop: Ronny Conway joins the family business at SV Angel

Dan Primack

Illustration of a one hundred dollar bill with wings and a glowing halo — Illustration: Natalie Peeples/Axios

Ronny Conway is joining venture capital firm SV Angel as a managing partner, while continuing to serve as a partner with A.Capital, Axios has learned.

The big picture: He joins his brother Topher and father Ron, the legendary Silicon Valley investor who wrote early checks for Google and Facebook.

What they're saying: "As we always have, we will continue to evolve to meet the needs of founders and invest in exciting new companies, the mission to be fierce advocates for founders through our unparalleled relationship network continues," SV Angel said in an email sent Thursday to its limited partners.

Zoom in: The email also said that Topher Conway will continue to make all investment decisions, but now gets to spend more time with founders because Ronny Conway will oversee firm operations, as a sort of COO.

Finally, it notes that the move increases the "operating leverage from the resources of SV Angel and A.Capital," the latter of which has a wider investment mandate and was launched by Ronny Conway in 2013 after leaving Andreessen Horowitz.

Elsewhere: SV Angel also is saying goodbye to a pair of partners who are leaving to launch their own funds.

One is Beth Turner, who led a seed-stage fund for SV Angel, while the other is Steven Lee.

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Scoop: Ronny Conway joins the family business at SV Angel

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