Bill Gates, Michael Dell Back $250 Million Village Global Fund

Dell Technologies Inc.’s Michael Dell, former Google CEO Eric Schmidt and Microsoft Corp. co-founder Bill Gates are among the tech billionaires backing venture firm Village Global’s newest fund.

LinkedIn founder Reid Hoffman, who stepped back as general partner of Greylock Partners this year, also joined the San Francisco-based seed-investing firm as chairman.

Reid Hoffman

Photographer: David Paul Morris/Bloomberg

“The magic of Silicon Valley has always been about the power of a network,” Hoffman said in a statement. “Village Global is simply one of the best networks in tech — a network that helps early stage founders build massive companies.”

Other billionaire backers ...