Microsoft chief financial officer John Connors is leaving the software giant after more than 15 years to become a partner at venture capital firm Ignition Partners.
The announcement comes just a few months after the Bellevue, Washington-based firm announced the close of its third fund on $300 million in October, bringing its total capital under management to $750 million and making it one of the largest venture capital firms in the Northwest. At that time, it also hired two additional partners to help invest the fund.
Ignition was founded back in early 2000 by a team of former senior McCaw and Microsoft executives. Connors will join either other former Microsoft executives at Ignition, including former vice presidents Brad Silverberg, John Ludwig, Cameron Myhrvold and Richard Tong.
Connors will leave for Ignition immediately upon his transition from Microsoft. His last major duties will be to report the company's latest quarterly earnings on January 27 and help find a new CFO.
According to news reports, Connors said he wants to spend more time being involved with Pacific Northwest companies, initiatives and projects, and to spend more time with his family. At Ignition, he will focus on investments in the enterprise software and services sector.
Ignition specializes in making early-stage information and communications technology investments. The firm focuses its investments in the Northwestern US, and syndicates with firms primarily on the West Coast.