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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.

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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