Abrams is too busy to be part of FactoryMade Ventures, which Fogelman launched with Abrams in September 2011
J.J. Abrams will be company's principal investor
The top agent and board member left hastily on Friday, despite having no clear plans
What's behind the top agent's sudden, unexplained exit from WME? "He felt like there was no place for him," says one insider
Fogelman, who represents J.J. Abrams, Michael Bay and toy company Hasbro, plans to start a company of his own -- but he's not sure when
