Ex-GV CEO scraps planned $230 mln healthcare venture fund

Bill Maris, co-founder and former chief executive of GV, was reportedly planning to raise a new healthcare-focused fund, targeting just over $230 million, according to Recode.

But last week, Maris told that same outlet he has “pulled the plug” on the new fund, without offering much explanation.

Maris said he had capital lined up and “was about to file the papers this week” when he abruptly changed his mind: “staring down the barrel of doing again exactly what I just did was not inspiring me… Life is too short to not be true to yourself.”

Maris suggested he might pursue something “more fun and impactful” instead.

Maris left Alphabet, GV’s parent company, in August, part of a small wave of top-level departures. Having co-founded GV (formerly known as Google Ventures) in 2009, Maris oversaw investments in such companies as Uber, Jet.com, 23andMe, and oncology startup Flatiron Health. He also passed on Theranos.

Photo of Bill Maris, president and chief executive officer of GV (formerly known as Google Ventures), speaks about the future during the Wall Street Journal Digital Live (WSJDLive) conference at the Montage hotel in Laguna Beach, California, Oct. 20, 2015. Reuters/Mike Blake