/// Menlo Ventures’ Pishevar and Goldman’s Stanford to Found Sherpa, a Startup Aimed at Making New Startups
Well-known Silicon Valley investor and entrepreneur Shervin Pishevar of Menlo Ventures and Goldman Sachs tech banker Scott Stanford are starting a new company that will focus on formulating a new model of how startups are created. Pishevar confirmed his move, but Stanford did not respond to a query about the new effort. That said, sources said he and Pishevar will call the new venture Sherpa, which has two parts. One is called The Foundry, which is being funded by a number of major strategic corporations. It will also include well-known entrepreneur partners, but no investors or venture capital firms. There will also be a fund related to invest in the new companies created, which will also include assets from the larger companies. It’s not exactly an incubator or accelerator, said Pishevar in an interview, given the mixed record of those efforts to create startups. He would not give more details as yet. Pishevar will remain there as a venture advisor to Menlo, as part of the change, and has also been named a strategic advisor to Uber, the fast-growing car service. Said Pishevar: “I’m incredibly excited to announce my new endeavor, Sherpa and The Foundry. This is the biggest idea I’ve ever pursued
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