Chris Sacca retires from VC... and Shark Tank
Chris Sacca, one of the earliest investors in companies like Uber and Twitter, today announced that he has decided to stop making investments in technology startups. This also means he will stop appearing on the television program Shark Tank and that his venture capital firm, Lowercase Capital, will not raise another fund.
Why retire? Sacca tells Axios that, at age 41 with two kids, he no longer feels he can devote the 24-7 time to his startups that he could in the past. "The only way I know how to do this is full-time, or really all the time, because I take my companies so personally and feel the need to help them as much as possible. I know there are people who can successfully do this as more of a lifestyle career, but that's just not me."