{"id":94417,"date":"2025-05-09T04:04:12","date_gmt":"2025-05-09T04:04:12","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/05\/09\/one-of-elon-musks-longtime-vcs-is-suing-his-former-employer-after-allegedly-being-fired\/"},"modified":"2025-05-09T04:04:12","modified_gmt":"2025-05-09T04:04:12","slug":"one-of-elon-musks-longtime-vcs-is-suing-his-former-employer-after-allegedly-being-fired","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/05\/09\/one-of-elon-musks-longtime-vcs-is-suing-his-former-employer-after-allegedly-being-fired\/","title":{"rendered":"One of Elon Musk\u2019s longtime VCs is suing his former employer after allegedly being fired"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon Musk companies, is suing his former employer, the massive trillion-dollar AUM Brookfield Asset Management, <a href=\"https:\/\/www.nytimes.com\/2025\/05\/08\/business\/lawsuit-brookfield-musk-raffaelli.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reports The New York Times.\u00a0<\/a><\/p>\n<p class=\"wp-block-paragraph\">Much of Raffaelli\u2019s complaint concerns how Brookfield covered pandemic-related real estate losses and alleges the company fired him after he filed a whistleblower complaint at the SEC. His suit makes allegations like fraud and bribery, while Brookfield vehemently denies any wrongdoing, it told The Times.<\/p>\n<p class=\"wp-block-paragraph\">In February, Brookfield quietly shuttered the venture capital unit run by Raffaelli and rolled some assets into another unit, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-13\/brookfield-shutters-tech-unit-that-helped-musk-buy-twitter\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bloomberg reported at the time<\/a>.\u00a0One of Raffaelli\u2019s complaints in the suit is that Brookfield didn\u2019t buy as much stock in Musk-owned companies as he had secured the ability to buy.<\/p>\n<p class=\"wp-block-paragraph\">Raffaelli had deals to buy into Musk companies like SpaceX, xAI, and the Boring Company, the suit alleges. And his Brookfield fund was a big backer of Musk\u2019s takeover of Twitter, Bloomberg reported.<\/p>\n<p class=\"wp-block-paragraph\">The lawsuit is a very public battle for Raffaelli, who previously worked as a partner at the VC firm then known as Draper Fisher Jurvetson. (Today, it\u2019s a collection of funds.) While at DFJ,\u00a0 Brookfield helped that firm make investments into Musk companies like SolarCity (acquired by Tesla), SpaceX, and Tesla.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2025\/05\/08\/one-of-elon-musks-long-time-vcs-is-suing-his-former-employer-after-allegedly-being-fired\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon Musk companies, is suing his former employer,<\/p>\n","protected":false},"author":1,"featured_media":94418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[178],"tags":[],"class_list":["post-94417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/94417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=94417"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/94417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/94418"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=94417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=94417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=94417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}