Marc Mezvinsky, better known has Chelsea Clinton’s husband, has failed upward once again

After an undistinguished career at the Vampire Squid, and then founding a hedge fund that crashed and burned, he has now been hired by Social Capital as its vice chairman:

Social Capital, the Silicon Valley investment firm founded by Chamath Palihapitiya, has hired Marc Mezvinsky as its vice chairman. The hiring of the investment banker and hedge fund founder is part of a wider effort by Social Capital to morph itself well beyond its venture roots.

Currently, Social Capital has been making venture and seed investments, as well as some public ones, and also has a unit devoted to incubating startups. It has also been developing a software-based product-market fit platform called 8-ball, to do the quantitative part of due diligence for possible investments.

But, as part of a longer-term master plan, it has been exploring a wide range of other financial products to support its companies across their life cycle, said Palihapitiya in an interview with Mezvinsky earlier this week.

………

Mezvinsky will work out of a new office in New York, but will be in Silicon Valley regularly, where there are about 40 employees in Palo Alto. There are also plans to open a unit in London.

So, he’s getting a job as “Vice Chairman” and he’ll be working from home ……… or something, because of his non-existent business acumen?

Someone is making an investment in political dynasty futures.