Facebook is reportedly getting into the venture capital game, but for young entrepreneurs working in social media, ignoring or deleting that particular friend request could be the right call.

Axios reported that the role would “manage a multimillion dollar fund that invests in leading private companies alongside top venture capital firms and angel investors,” according to a now-deleted post.

The new hire will join Shabih Rizvi, a former partner at the Alphabet-backed corporate venture firm, Gradient Ventures, who began his career in venture at KPCB.

“[Money] of last resort,” one investor wrote in a text.

“[Facebook] can’t buy 100 million-user apps any more,” this investor wrote in a direct message. | To read full story, visit https://startuparound.com/read/1592046641.3183014/The-complicated-calculus-of-taking-Facebook’s-venture-money-–-TechCrunch?ref=audio_experience