If you’ve worked in tech in the Bay Area over the last decade of more, you quite possibly know Mike Ghaffary, a USC undergrad who nabbed both his MBA and JD from Harvard before beginning to work his way through a number of well-known institutions.

From his first stop at Summit Partners, to cofounder of the news and talk radio service Stitcher (sold to Deezer in 2014), to business development roles at TrialPay and Yelp and eventually, as CEO of Yelp Eat 24, Ghaffary has seemingly been working toward a career as a venture capitalist since leaving completing his degrees. Now, with Yelp selling its food ordering service Eat24 to GrubHub for $287.5 million earlier this month (roughly twice what Yelp paid for it in early 2015), he has landed just that role.

To wit, Ghaffary has just joined Social Capital as one of five full-time partners on the firm’s venture team.

It’s good timing for Social Capital, whose cofounder, Mamoon Hamid, left earlier this month to join Kleiner Perkins Caufield & Byers. In fact, it was Hamid who first introduced Ghaffary to the firm, inviting him to an offsite retreat last year where Ghaffary had a chance to meet the entire time and spend more time than previously with another Social Capital cofounder, Chamath Palihapitiya, who oversees the firm as its CEO.

We had a quick chat with Ghaffary yesterday and he sounds, understandably, excited about his new post, where he will be invest in both consumer and enterprise deals.

Others of his colleagues on the team include Social Capital’s third cofounder, Ted Maidenberg; Brigette Lau, who focused primarily on education and joined from IBM; Arjun Sethi, who’d previously cofounded MessageMe and who we talked with last year; and Adam Nelson, formerly a director at Dropbox.

Two others who are part of the venture team but are also juggling plenty of other projects, says Ghaffary, are Ashley Carroll, formerly a product lead at Docusign, Optimizely, and SurveyMonkey; and Palihapitiya himself.

Social Capital employs 50 people altogether, including a platform team that helps both Social Capital’s portfolio companies figure out their growth strategies.

It also manages a public market fund that operates as a kind of hedge fund and quietly closed last year with an undisclosed amount in capital commitments.

Altogether, the six-year-old, Palo Alto-based firm is managing $1.2 billion. It closed its last venture fund with $600 million in 2015.

Ghaffary — who has been angel investing in and advising startups in recent years, including Strava, Optimizely, Pocket, Superhuman, and Indigo Fair —  says Social Capital writes checks of anywhere from $50,000 to $25 million. (More specifically, he explains, $25 million was the size of the firm’s 2014 investment in the growing messaging upstart Slack.)

More typically, however, he says a check from Social Capital will be in the $5 million to $10 million range, and that the company is doing an increasing number of seed deals.

Asked how he’s enjoying the gig so far, Ghaffary recalls a recent meeting with portfolio company Saildrone, an autonomous ocean drone startup that’s collecting ocean data and has raised roughly $28 million to date.

Echoing Social Capital’s investing mantra of backing “world-changing companies,” he talks about the company’s ability to explore the Arctic Circle and other places where scientists don’t necessarily want to venture, owing to subzero temperatures. He talks about its ability to collect data, to measure climate change, and the 71 percent of the earth that’s covered by water.

“It’s ground-breaking stuff,” he beams, before heading off to his next meeting.

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