Jared Leto was raising a $75 million venture fund before recent accusations
Actor Jared Leto was in the process of raising a $75 million venture capital fund before sexual misconduct allegations surfaced in a BBC documentary. While Leto has not been charged with a crime, the allegations have cast uncertainty over his fundraising efforts and his relationship with venture firm Andreessen Horowitz.
Why it matters
The situation highlights the growing intersection of celebrity culture and Silicon Valley venture capital, and how personal reputation risks can impact high-stakes financial endeavors.
Jared Leto Maya Dehlin Spach/WireImage Jared Leto recently sought investors for a $75 million venture capital fund. The effort began before the airing of a BBC documentary on sexual misconduct accusations against the actor. Celebrity investors like Leto have increasingly been raising VC funds to invest in Silicon Valley startups. Hollywood actor and musician Jared Leto was in the process of raising a new venture capital fund before sexual misconduct allegations catapulted him into the headlines last week, Business Insider has learned. A document reviewed by Business Insider says the "Dallas Buyers Club" and "My So-Called Life" star was targeting a $75 million fund last month. This would be the first fund for the actor, who has a history of angel investing with his own personal money.
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