Trust the process: Sam Hinkie raises $50 million for Silicon Valley venture capital firm

Former Philadelphia 76ers general manager and president Sam Hinkie has something new to process.

On Wednesday, Dan Primack of Axios reported that Hinkie has raised $50 million for a Silicon Valley venture capital firm. The firm, named Eighty-Seven Capital, won't have a sports focus.

Hinkie is probably most known by NBA fans for the 76ers tanking across multiple seasons to stockpile draft picks. The team jokingly, albeit somewhat affectionately, became known as "Tankadelphia" during the middle of the 2010s as Hinkie asked perturbed fans to "trust the process."

The Sixers and Hinkie parted ways in April 2016, ironically before center Joel Embiid made his NBA debut and helped spark the franchise's turnaround into a legitimate contender. When the coronavirus pandemic brought the 2019-20 season to a halt on March 11, the Sixers sat sixth in the Eastern Conference standings.

Philadelphia lost to the Toronto Raptors in the 2019 Eastern Conference semifinals in heartbreaking fashion: