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TechFlow, July 4 — According to The Wall Street Journal, Meta Platforms is proposing to acquire minority stakes in certain funds of venture capital firm NFDG, founded by its newly hired AI head Nat Friedman and Daniel Gross. The offer would allow the fund's limited partners to partially exit at current valuations and quickly cash out. The two founders have gradually stepped back from NFDG.
According to The Wall Street Journal, Meta Platforms is proposing to acquire minority stakes in certain funds of venture capital firm NFDG, founded by its newly hired AI head Nat Friedman and Daniel Gross. The offer would allow the fund's limited partners to partially exit at current valuations and quickly cash out. The two founders have gradually stepped back from NFDG.
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