Nick Clegg Joins Venture Capital Firm Hiro Capital as General Partner
Former British deputy prime minister Nick Clegg has taken on another post-politics role, this time joining London-based venture capital firm Hiro Capital as a general partner. The move comes after Clegg left his position as head of global affairs at Meta, Facebook's owner, earlier this year.
Clegg will be working alongside other high-profile figures in the tech industry, including Yann LeCun, who recently announced his departure from Meta AI to join Hiro as an adviser on AI investments. The firm is also set to raise a new fund worth over €500m (£375m) to invest in areas such as video games, esports, and artificial intelligence.
The new fund will focus on investing in companies in the UK working in robotics, longevity, gaming, space, defence, and AI, according to the Financial Times. Clegg's experience in government and his understanding of how regulators work are expected to be valuable assets in helping portfolio companies flourish and building global leading companies from Europe.
Clegg's entry into the world of venture capital is not unique - several former politicians have followed a similar path after leaving politics. David Cameron, George Osborne, and Chuka Umunna are just a few examples of high-profile politicians who have transitioned to careers in business and finance.
With his new role at Hiro Capital, Clegg will be part of a firm that has faced criticism in the past for its involvement in high-stakes lobbying campaigns, including abandoning the People's Vote campaign and pro-remain group of former politicians. Despite this, the firm remains committed to investing in European tech companies and capitalizing on emerging trends such as artificial intelligence.
Clegg's appointment at Hiro Capital highlights the growing importance of understanding government and regulatory environments for venture capitalists operating in Europe. As the European tech landscape continues to evolve, firms like Hiro Capital are well-positioned to capitalize on new opportunities and drive growth in key sectors.
Former British deputy prime minister Nick Clegg has taken on another post-politics role, this time joining London-based venture capital firm Hiro Capital as a general partner. The move comes after Clegg left his position as head of global affairs at Meta, Facebook's owner, earlier this year.
Clegg will be working alongside other high-profile figures in the tech industry, including Yann LeCun, who recently announced his departure from Meta AI to join Hiro as an adviser on AI investments. The firm is also set to raise a new fund worth over €500m (£375m) to invest in areas such as video games, esports, and artificial intelligence.
The new fund will focus on investing in companies in the UK working in robotics, longevity, gaming, space, defence, and AI, according to the Financial Times. Clegg's experience in government and his understanding of how regulators work are expected to be valuable assets in helping portfolio companies flourish and building global leading companies from Europe.
Clegg's entry into the world of venture capital is not unique - several former politicians have followed a similar path after leaving politics. David Cameron, George Osborne, and Chuka Umunna are just a few examples of high-profile politicians who have transitioned to careers in business and finance.
With his new role at Hiro Capital, Clegg will be part of a firm that has faced criticism in the past for its involvement in high-stakes lobbying campaigns, including abandoning the People's Vote campaign and pro-remain group of former politicians. Despite this, the firm remains committed to investing in European tech companies and capitalizing on emerging trends such as artificial intelligence.
Clegg's appointment at Hiro Capital highlights the growing importance of understanding government and regulatory environments for venture capitalists operating in Europe. As the European tech landscape continues to evolve, firms like Hiro Capital are well-positioned to capitalize on new opportunities and drive growth in key sectors.
just think about it - ex politicians joining vc firms, its a good thing right? 
we need more people with gov experience in the private sector helping companies navigate the regulatory landscape, its all about creating jobs & driving growth, so fingers crossed for Nick Clegg's new venture 
. I mean, who wouldn't want to hang out with Yann LeCun, right? 
Anyway, it's like he's trying to use his politico skills for good 
. The new fund is gonna be huge 
and I'm not surprised they're investing in AI and robotics - that stuff is the future 
. And let's be real, having someone with his level of understanding of government and regulation on board is a huge asset for portfolio companies looking to navigate the complex European landscape 
. It's almost like he's taking all the skills he honed as a politician and applying them to a new challenge that's got even more potential for growth 
! He's got loads of experience in government which will be super useful for the firm. I mean, who better to navigate all the regulatory stuff than someone who's actually been there and done that? 
but at the same time, clegg's involvement does raise some eyebrows about his lobbying history 
it's like, nice to see him trying new things, but what are the real motivations here? 
Clegg making a move from politics to VC is kinda interesting 
. Can't wait to see how this plays out 
.