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Facebook’s Libra Co-Founder Morgan Beller Departs to Return to VC
September 22 2020 - 10:40AM
CoinDesk

Beller, 27, will become a general partner at NFX. She'd worked at a16z before joining Facebook. ...

https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/83308656/facebook-s-libra-co-founder-morgan-beller-departs

Facebook’s Libra Co-Founder Morgan Beller Departs to Return to VC
Sep 22, 2020 at 14:40 UTC
Updated Sep 22, 2020 at 14:49 UTC

https://www.coindesk.com/facebooks-libra-co-founder-morgan-beller-departs-to-return-to-vc

Libra digital currency project co-founder Morgan Beller has left Facebook in a pivot back to her venture capital roots.

* Beller, 27, will become a general partner at early stage startup-
focused VC firm NFX, according to TechCrunch.

* At Facebook, which she joined in 2017, Beller reportedly helmed the
social media giant's blockchain initiatives, working behind the
scenes to bring Libra and its Calibra digital wallet (now rebranded
as Novi) to life.

* "Shortly after joining, I realized there was no one focused full-
time on blockchain, crypto, etc." Beller said in an NFX profile. "So
I made my full-time job figuring out what Facebook should do, if
anything, in that space."

* She assisted in talent recruitment, worked alongside David Marcus
and pushed forward Facebook's blockchain initiatives – sometimes
alone, according to CNBC.

* Beller told TechCrunch she caught the "crypto virus" as a partner at
VC firm Andreessen Horowitz and brought it with her to Facebook.

* That bug may now get squashed, however, as NFX currently does not
focus on crypto or blockchain even though a handful of its portfolio
companies intersect with the space.

Read more: Libra’s Long Road From a Facebook Lab to the Global Stage: A Timeline