Bill Maris, formerly managing partner of GV, the corporate venturing unit formerly known as Google Ventures, has elected not to go ahead with plans for a $230m healthcare fund, he has told Recode.
Maris departed from GV, part of internet technology group Alphabet, in August this year citing plans to spend more time with family and work on other projects, but reports emerged the following month stating he had begun talks with investors over a fund of up to $500m in size.
Recode reported last week that Maris was raising a $230m fund called Section 32 that would be solely managed by him, and which would target healthcare investments. However, Maris subsequently contacted Recode to tell the site he had changed his mind.
“Your article this week was accurate, in that I was talking to investors about raising my own fund, the capital was available and [I] was about to file the papers this week,” he said.
“But staring down the barrel of doing again exactly what I just did was not inspiring me, and I pulled the plug. Life is too short to not be true to yourself. I am still taking time off and exploring some other ideas that may be more fun and impactful.”
– Photo courtesy of GV.