Keith Rabois, a serial operating executive who most recently resigned as the chief operating officer of the payments company Square, has joined the venture firm Khosla Ventures as a partner. Before joining Square, Rabois spent numerous years at LinkedIn, first as a vice president, then as an executive VP of strategy and business development. Earlier in his career, Rabois, who has a law degree, was also an executive VP focused on public policy at PayPal. He also spent a year as an entrepreneur-in-residence at Clarium Capital, the hedge fund run by PayPal cofounder Peter Thiel.
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Last week, I mentioned how much I like the brand Cherry, a San Francisco-based startup whose app allows users to order a car wash, wherever their car is parked, for $29. Yet the attraction goes beyond the name. I think the company –which officially launched today, backed by $750,000 in seed funding from PayPal co-founder Max Levchin, Square [...]