Facebook lost another key overseas executive, as EMEA (Europe, Middle East, and Africa) Director Christian Hernandez announced in a post on his Facebook page that he was leaving the social network to join early-stage venture-capital firm White Star Capital as a managing partner.
As reported by TechCrunch Facebook confirmed Hernandez’s departure in June, in a report by MarketingWeek, which only said at the time that Hernandez was leaving “to pursue an exciting new venture in the entrepreneurial world.”
Hernandez worked at Google prior to Facebook, and he also invested in startups including Apsmart, Summly, and Vyclone.
Hernandez shared the White Star Capital Facebook page in his post, writing:
Some 1,350 days ago, I walked into Facebook for what has been one of the most amazing rides of my professional career. I have been able to work with and learn from some of the most amazing minds in tech, and have loved working alongside companies seeking to innovate on top of the Facebook Platform and see them scale globally.
The timing, however, is now right to put my passion for entrepreneurship and working with early-stage startups to use in a new way. In a few weeks, I will leave Facebook and join my longtime friend and investment partner Eric Martineau-Fortin to scale out White Star Capital.
And White Star said in a post on its site by Martineau-Fortin and Hernandez:
When we met almost a decade ago at a wedding in the south of France, little did either of us know that the encounter would lead to a friendship and a business partnership of two highly complementary individuals with the same passion for early-stage technology and working alongside entrepreneurs.
Our investments have always been, and will continue to be, international in nature. From Bloglovin’ in Sweden to MUBI in London, Bluefields in Las Vegas, Interact.io in Berlin, and, most recently, Busbud in Montreal and Hole19 in Portugal. We believe there is a massive opportunity in linking together startups and the supporting ecosystem across the Atlantic and want to leverage White Star Capital to support this link.
To help us in this new chapter, we have assembled a fantastic team that is defined by its international background and operational experience in early-stage startups. We are excited to welcome David and John to the White Star team. John worked with Christian at Facebook before joining Summly, and David and Eric met back in 2007 when they worked together on a number of venture deals. John’s and David’s own entrepreneurial experiences will be beneficial to our current and future investments. We will continue to strengthen our team in the coming months with people who have been entrepreneurs and can add value through their experiences to our portfolio companies.
Readers: Is Facebook experiencing an overseas brain drain?