BardTech

The post The mass exodus at Social Capital continues appeared first on BardTech . Something is going on at Social Capital. A series of departures continued this morning at former Facebook executive  Chamath Palihapitiya ‘s venture capital firm, with Mike Ghaffary, a partner since August 2017, announcing he was moving on to focus on angel investing. Personal update: I’ve decided to leave Social Capital. Over the next few months, I’ll focus on angel investing. It’s been an incredible experience, working alongside a talented team. I’ll continue to work closely with the founders I’ve invested in, and excited for the next step. — Mike Ghaffary (@newmike) August 31, 2018 That’s just a day after Ashley Mayer, a partner and VP of marketing since 2015, said she was departing the firm to pursue “new adventures.” The pair of exits is just the latest in a line of high-profile departures for the firm. We’ve reached out to Palihapitiya for some explanation. The mass exodus began wh...

The post Alibaba continues to gain cloud momentum appeared first on BardTech . When Alibaba reported its earnings yesterday, the cloud data got a bit buried in other stories , but it’s worth pointing out that its cloud business grew 93 percent in the most recent quarter to $710 million. That’s down a smidgen from the gaudy triple digit growth of last report, but their market share has doubled in just two years, and they are growing fast. As John Dinsdale, principal analyst at Synergy Research , a firm that keeps a close eye on the cloud market points out, the dip in growth is all about the law of large numbers. Alibaba couldn’t sustain triple digit growth for long. “Microsoft Azure and Google Cloud Platform have recently seen similar reductions in growth rates, and if you go back far enough in time, AWS did too. The key thing is that the market for cloud infrastructure services is now very big, yet is still growing by 50% per year — and the leading players are either maintainin...