One of Elon Musk’s long-time VCs is suing his former employer after allegedly being fired

In Brief

Josh Raffaelli, who has agelong roots arsenic a Silicon Valley capitalist and has backed a fig of Elon Musk companies, is suing his erstwhile employer, the monolithic trillion-dollar AUM Brookfield Asset Management, reports the New York Times. 

Much of Raffaelli’s ailment concerns however Brookfield covered pandemic-related existent property losses and alleges the institution fired him aft helium filed a whistleblower ailment astatine the SEC. His suit makes allegations similar fraud and bribery, portion Brookfield vehemently denies immoderate wrongdoing, it told the Times.

In February, Brookfield softly shuttered the task superior portion tally by Raffaelli and rolled immoderate assets into different unit, Bloomberg reported astatine the time. One of Raffaelli’s complaints successful the suit is that Brookfield didn’t bargain arsenic overmuch banal successful Musk-owned companies arsenic helium had secured the quality to buy.

Raffaelli had deals to bargain into Musk companies similar SpaceX, xAI and the Boring Company, the suit alleges. Raffaelli’s Brookfield money was, however, a large backer of Musk’s takeover of Twitter, Bloomberg reported.

The suit is simply a precise nationalist conflict for Raffaelli, who antecedently worked arsenic a spouse astatine the VC steadfast past known arsenic Draper Fisher Jurvetson. (Today, it’s a postulation of funds.) While astatine DFJ,  Brookfield helped that firm’s marque investments into Musk companies similar SolarCity (acquired by Tesla), SpaceX, and Tesla.

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