High profile entrepreneur Shervin Pishevar has carved out a big slice of attention in Silicon Valley. When he is not hobnobbing with Presidents and crown princes, Pishevar, who co-founded Webs.com and Social Gaming Network, is busy talking up companies he has invested in on behalf of Sandhill Road firm, Menlo Ventures.
We heard about Pishevar’s exit a few days ago and since then have independently confirmed with two sources that he is leaving the firm he joined as a managing director in 2011. Shervin confirmed his exit. He will stay on an adviser to Menlo and is going to join Uber as a strategic adviser. In addition, he plans to start a new company — Sherpa, which is a combination of startup foundry and a fund.
He explained that Sherpa is a company helping to build other companies, and it will be working with large corporations and other founders to come up with ideas. He declined to offer any details except that he is partnering with Scott Stanford, a Goldman Sachs investment banker, for this new project.
During his tenure at Menlo, Pishevar had invested in companies such as Uber, Fab, Getaround and Cinemagram. Pishevar is one of the most liked people in the entrepreneur community. He was an angel investor in about three dozen companies before joining Menlo Ventures in 2011.
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