Jay Zaveri

Social Capital, a venture capital firm led by investor and podcaster Chamath Palihapitiya, has fired partners Jay Zaveri and Ravi Tanuku in March 2024. Palihapitiya told investors that he terminated Zaveri and Tanuku following a three-day investigation by law firm Wachtell into an undisclosed "situation." Multiple sources told Axios that the issue involves Groq, a Silicon Valley AI company in which Social Capital first invested eight years ago. It was valued at over $1 billion in 2021, is said to be raising new funding at a much higher price, and recently acquired another Social Capital portfolio company, Definitive Intelligence.