Billionaire venture capitalist Chris Sacca is retiring from startup investing - and 'Shark Tank'

Advertisement

chris sacca shark tank

"Shark Tank"/ABC

Lowercase Capital founder and chairman Chris Sacca makes his "Shark Tank" debut.

Chris Sacca is leaving the show "Shark Tank" and startup investing all together.

Advertisement

The 41-year-old announced Wednesday that he will be "hanging up his spurs" and no longer devoting his time to startup investing. He'd just placed No. 2 on the Midas List of the world's best startup investors after early bets on companies like Twitter and Uber.

The "Shark Tank" judge infamous for his cowboy shirts won't be leaving entertainment altogether though. He's signed onto a Zach Braff TV-pilot based on The Startup Podcast, playing himself. Sacca also plans to launch his own podcast "because, I mean, the world desperately needs another podcast, am I right?", he says.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

The one thing he promises he's not doing is running for political office, despite his heavy engagement in the resistance movement.

"Crystal and I are committed to doing all we can to ensure Utopia wins," Sacca said of what comes next. "We are passionate about solving our climate disaster, criminal justice reform, and women's issues and we have a couple irons in the fire. We are also deeply committed to paying forward the luck and opportunities we have enjoyed in our space. So we've been quietly backing the next generation of investors, but specifically women and people of color who have been starting venture funds."

Advertisement

There's "more to come" on a lot of the projects Sacca will tackle in retirement, but he's finished with startup investing for now. Read his full good-bye to "Shark Tank" and startup investing here.

NOW WATCH: BARBARA CORCORAN: Chris Sacca is 'probably the most arrogant Shark we've ever had'