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The rise of Silicon Valley's new breed of entrepreneurs

As tech startups get ready to list, investors are preparing to invest in a new generation of firms created by their workers.

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Mr Newman (right) formed Wave Capital with Sarah Adler and David Rosenthal to invest in startups created by former Airbnb staff. They have secured US$55 million and are now preparing to make a flood of investments.

RILEY Newman, a former head of data science at Airbnb, set out in mid-2017 to raise a venture capital fund that would invest in a multitude of tech trends.

But he quickly realised that potential investors were not interested in that kind of fund. Instead, all they wanted to hear about...

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