Bill Maris, the founder and former head of GV, formerly Google Ventures, won't be launching a $230 million venture capital fund focused on health care in San Diego, after all.

Maris confirmed the decision over the weekend to technology news website Recode, which reported last week that Maris was planning to debut the fund soon, but later said Friday he had changed his mind.

He has "pulled the plug" on the VC proposal and plans to continue "taking time off and exploring some other ideas that may be more fun and impactful," Maris told the site.

Maris, who launched the venture capital arm of Alphabet Inc. in 2009, quit in August after eight years as its chief executive.