The billionaire investor announced on Wednesday morning in a blog post that he's "hanging up his spurs," giving up on venture investing and along with it his role on 'Shark Tank.' Investing part-time, however, as Sacca has in recent years, ultimately hasn't proven sustainable for his firm, Lowercase Capital. "My personal style of startup investing doesn’t work when I’ve just got toes dangling in the water," he says. As for ever running for political office: Sacca swore in his post, "I assure you, that's not going to happen." Follow Alex on Forbes, Twitter and Facebook for more coverage of startups, enterprise software and venture capital.

Source: Forbes April 26, 2017 14:48 UTC