Menlo Ventures, a billion dollar venture capital firm, is hiring Shervin Pishevar as Managing Director to invest in the next hot social startup, Dealbook’s Evelyn Rusli reports. Menlo Ventures is a successful VC firm, but it mostly does deals in non-sexy areas like enterprise software and cloud computing. It hired Pishevar to find the next hot social thing. Feel free to take this as a bubble sign, or not.
Pishevar, meanwhile, is a serial entrepreneur whose record belies his influence and respect in the Valley. After selling his last company SGN he became a prolific angel investor, in companies like Klout and LikeALittle. We don’t know anyone who has anything bad to say about him.
Looks like a good fit all around. It remains to be seen whether more VC money in social startups is good for the ecosystem, however.
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