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He advocated breaking up Facebook in a New York Times op-ed. In exchange for the cash, the San Francisco-based company gave him convertible promissory notes. It could repay Moskovitz by converting the notes into Asana stock at a predetermined rate.

The company chose to convert them on July 1, according to regulatory filings. In , Moskovitz and his wife Cari Tuna, a former Wall Street Journal reporter, became the youngest couple ever to sign the Giving Pledge, which commits them to donate most of their wealth to charity. The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion.

Sign up to get it every weekday morning. Facebook co-founder Dustin Moskovitz builds a second fortune. Please try again later. The Sydney Morning Herald. By Scott Carpenter October 19, — Save Log in , register or subscribe to save articles for later. Normal text size Larger text size Very large text size.

No surprise there. By , Saverin had moved to Singapore, giving up his U. Saverin tells a different story today.

After his involvement with Facebook, Saverin dabbled at several startup projects before moving to Singapore for what was supposed to be a short stay to help a friend launch a business.

Saverin was already writing smaller checks to startups, but with Ganguly, a former consultant and vice president at Bain Capital, he set out to raise formal funds from outside investors. One example: Ninja Van. A last-mile logistics provider for delivery services in Southeast Asia, the Singapore-based startup employs 2, people and works with 10, drivers.

Armed with deep knowledge and executive connections, consulting firms have tried their hand at venture capital investing for years. BCG is a passive investor in B Capital, meaning they only call in the consultants when founders ask. Giving B Capital even more street cred: Howard Morgan, the cofounder of First Round Capital, known for his early investments in Uber and Warby Parker, came out of retirement in to become chairman of the entire firm.

B Capital is growing fast. Only about half a dozen of its investments carry significantly higher valuations than when B Capital invested, and it got into its best-known brand—scooter company Bird—relatively late.

But Saverin and Ganguly are optimistic.



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