Canaan Partners Gives $20 Million to its Two Youngest Employees to Invest in Consumer Startups

By Tech Crunch

Canaan Partners, i the venture capital firm that has backed companies like Skybox Imaging, Match.com and Lending Club, has a new investment strategy. Called Canaan Beta, it entails setting aside $20 million of its $800 million fund to its two youngest employees, and then empowering them to make their own investment decisions as a duo. The bet is that, just how Jeremy Liew found out about Snapchat from his colleague’s teenage daughter, Canaan’s youngest staffers will find other potentially lucrative opportunities.

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20 Jun 2018

Tagged in: innovation, investments, startups

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