Global Founders Capital is one big venture capital firm which also popular for being the venture capital support art for the Rocket Internet. Due to some reason, the Global Founders Capital has seen a lot of its people leaving its London investment team in the past couple of years.

The most serious set back to the London team might just have happened. In late march the rumors of Daniel Jones, General Partner at GFC, leaving the company were circulating and in April portfolio companies were informed of a change in the U.K. Team and specifically that Daniel was leaving. According to sources, Jones might have already left the company just now and currently is planning to raise his own fund. A spokesperson from Global Founders Capital declined to comment on Jones status in the company.

According to Global Founders Capital, the reason for Jones to leave is that he wants to pick up the challenge of raising his own funds. But when we look back at the history of the firm, specifically its London team, some key people have left the team including associate Julien Bek to Accel, associate Julia Morrongiello to Point Nine Capital, and principle Nicholas Stocks to White Star Capital.

According to sources many portfolio companies are being informed that co-founder and CEO of Rocket Internet, Oli Samwer is their main contact for going forward. Levin Bunz, partner at Global Founders Capital is primarily supporting Oli Samwer.

Without a doubt, the exit of Daniel Jones from Global Founders Capital will be a setback and a huge loss to the U.K. based tech startup landscape. He was popular figure and an icon in many ways. He was also an influential figure at GFC and Rocket Internet.

Daniel Jones was the most important non-Samwer at Global Founders. He constituted at least half of the decision-making and the majority of the legwork on every term sheet GFC issued.

 

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