US · theinformation.com

Exclusive: David Sacks’ Craft Ventures Lays Off Staff

Read the latest article from The Information. Subscribe today and save 25% on all of our business, tech and finance reporting.


This email was sent

Is this your brand on Milled? Claim it.

Read the latest article from The Information. Subscribe today and save 25% on all of our business, tech and finance reporting. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
Apr 05, 2025

Craft Ventures, the eight-year-old venture firm co-founded by White House adviser David Sacks, last week laid off half a dozen employees who were largely involved in recruiting professionals for startups it backs, a spokesperson confirmed. It made the changes as the firm’s investors have shifted their focus to later-stage investments from very early-stage investments, according to a person with direct knowledge of the changes.

Jeff Fluhr, co-founder of the firm, is also stepping back as general partner to be a venture partner, according to the spokesperson. Such a role usually indicates that a member of a venture firm is no longer making active investments.

Read the full article

David Sacks’ Craft Ventures Lays Off Staff, Co-Founder Steps Back

By Natasha Mascarenhas and Erin Woo

Related articles



Follow us
X
LinkedIn
Facebook
Threads
Instagram
Sent to - | Manage your preferences or unsubscribe | Help
The Information · 251 Rhode Island Street, Suite 107, San Francisco, CA 94103

Are you sure?

Lists help you organize the brands that you care about. Your lists are private to you.