Stories

SaveSave story

Social Capital changes leave investors frustrated

Social Capital's Chamath Palihapitiya. Photo: TechCrunch Disrupt

Two years ago, venture firm Social Capital raised $600 million for its third fund. Today, many of the fund's limited partners tell Axios they are upset – and it has little to do with that unicorn-hunting SPAC. Instead, investors don't believe they're getting what they bought into, when it comes to both strategy and personnel.