Facebook doesn't expect to make money off its new venture capital fund.

Facebook is launching a venture capital fund — but it doesn't expect to make money off it any time soon.

Many traditional venture capital firms rely on external funding (from "limited partners," or LPs), but Facebook is funding the effort entirely through existing internal capital.

That said, experts doubt the creation of the venture arm will prompt intensified competition concerns.

In addition, it remains to be seen whether Facebook is truly more successful at identifying promising startups than the large venture capital industry. | To read full story, visit https://startuparound.com/read/1591906506.5504982/Facebook-says-its-new-venture-capital-group-isn't-looking-to-make-money-on-its-investments?ref=audio_experience