Obvious Ventures, co-founded by Twitters Evan Williams, plans to raise $400 million fund

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The filing for Obvious Ventures V was made public with the SEC on Tuesday and indicates that its an initial notice. Joaquin, one of the firms managing directors, was previously CEO of Xoom, a payments service acquired by PayPal , and Ofoto, which was purchased by Kodak. Williams, who helped create Twitter and was CEO of the company from 2008 to 2010 is still named as a co-founder of Obvious, but he isnt a managing director. Williams wrote in a post on his publishing site Medium in 2017 that he was selling up to 30% of his Twitter holdings to finance other projects, including Obvious. Late last year, Williams launched the app Mozi, which describes itself as a "private social network for seeing your people more" in real life.

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