Billionaire venture capitalist Chris Sacca is retiring from startup investing -- and 'Shark Tank'

Chris sacca shark tank‘Shark Tank’/ABCLowercase Capital founder and chairman Chris Sacca makes his ‘Shark Tank’ debut.

Chris Sacca is leaving the show “Shark Tank” and startup investing all together.

The 41-year-old announced Wednesday that he will be “hanging up his spurs” and no longer devoting his time to startup investing. He’d just placed No. 2 on the Midas List of the world’s best startup investors after early bets on companies like Twitter and Uber.

The “Shark Tank” judge infamous for his cowboy shirts won’t be leaving entertainment altogether though. He’s signed onto a Zach Braff TV-pilot based on The Startup Podcast, playing himself. Sacca also plans to launch his own podcast “because, I mean, the world desperately needs another podcast, am I right?”, he says.

The one thing he promises he’s not doing is running for political office, despite his heavy engagement in the resistance movement.

“Crystal and I are committed to doing all we can to ensure Utopia wins,” Sacca said of what comes next. “We are passionate about solving our climate disaster, criminal justice reform, and women’s issues and we have a couple irons in the fire. We are also deeply committed to paying forward the luck and opportunities we have enjoyed in our space. So we’ve been quietly backing the next generation of investors, but specifically women and people of colour who have been starting venture funds.”

There’s “more to come” on a lot of the projects Sacca will tackle in retirement, but he’s finished with startup investing for now. Read his full good-bye to “Shark Tank” and startup investing here.

NOW WATCH: BARBARA CORCORAN: Chris Sacca is ‘probably the most arrogant Shark we’ve ever had’

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