Private Equity
Prateek Dhawan has joined Accel Partners as an India-based principal on the firm's growth equity team. he previously was a VP with Goldman Sachs Investment Partners, where he led Indian investment activities.
2 min read · 02 June 2010
Tim McAdam is stepping down as a general partner with Trinity Ventures in order to join Technology Crossover Ventures, peHUB has learned. He had joined Trinity in 2000, after spending time at both GTCR and TA Associates. "Our investment strategy has been moving more and more early-stage over the past year or so, whereas Tim's more aligned with later-stage," explains Larry Orr, a general partner with Trinity. "So we agreed earlier this year that he'd begin looking for other platforms." Orr added that the departure will not affect Trinity's general partnership structure, and that the firm so far has committed approximately $300 million of its tenth fund (closed early last year).
1 min read · 28 May 2010
David Rosen has joined MPM Capital as an entrepreneur-in-residence. He previously was the head of corporate out-licensing at Pfizer.
1 min read · 27 May 2010
Geoff Entress has joined Founders Co-Op, a Seattle-based seed-stage venture firm, as a general partner. He will remain a venture partner with Voyager Capital, and before that spent eight years with Madrona Venture Group.
3 min read · 26 May 2010
Rob Glaser, founder and former CEO of RealNetworks, today announced that he has become a venture partner with Accel Partners. This is no new relationship, as Accel first backed RealNetworks more than a dozen years ago and Accel's Jim Breyer remained on the board for years after it went public. But it is Glaser's first official dip into VC waters, so we've got some questions for him: The term “venture partner” means different things to different people and firms, particularly in terms of time commitment and longevity. How do you view this position with Accel? The time commitment is half-time. I’m not a lawyer who organizes his life into 15-minute increments, but I’m going to have other things. I’m still chairman of Real, am helping some entrepreneurs start a couple of companies and still have a bunch of charity work like my family foundation. So it will be significant, but not fulltime. I do, though hope it’s a long-term relationship. We’re both entering this chapter with our eyes open. In terms of what I’ll actually be doing, my sector focus will be on social media and the social intersection of mobile with physical location and other characteristics. The second element of my focus is that I’m Seattle-based, so I hope to introduce Accel to lots of great local entrepreneurs. There are four major mobile companies here – T-Mobile is headquartered here and AT&T is about half here – and we have a great traditional of mobile entrepreneurship like McCaw and others. Plus Microsoft – of which I’m an alum – Real and Amazon.
3 min read · 26 May 2010
Tony Blair, the former British prime minister, has joined Khosla Ventures as a senior advisor. The announcement was made today during Khosla's annual limited partner meeting. Blair will focus on Khosla's cleantech portfolio. In a formal statement, he said: "I am increasingly and crucially aware of the fact that the answer to these twin challenges -- climate change and energy security -- lies in developing the technological solutions of the future."
4 min read · 24 May 2010
Marc Poirier last week sent out an email announcing that he had left @Ventures after a dozen years, in order to become a managing director with Spinnaker Capital. Not the kind of thing that garnered Techmeme headlines -- or headlines anywhere, for that matter -- but it would have were the blogosphere around during that dotcom boom. @Ventures -- then known as CMGI @Ventures -- was one of the most active and (theoreticaly) most well-capitalized VC firms in the world. Shortly after I began covering the market, it boasted three $1 billion funds -- although company executives would later try walking those numbers back as CMGI's stock price plunged. @Ventures has since morphed into a sleepy cleantech investment firm, and Poirier's departure leaves just one remaining team member from the good ole' days -- managing partner Pete Mills. But it got me to wondering about what happened to all those other folks. So, take a look after the jump...
4 min read · 24 May 2010
Ami Assayag has joined SeventySix Capital, a Philadelphia-based early-stage VC firm, as an entrepreneur-in-residence. Assayag is a serial entrepreneur, having founded VisualFund and co-founded eHealth Software Solutions.
3 min read · 21 May 2010
Jon Steinberg has agreed to join New York-based content aggregator BuzzFeed as president. He had spent the past seven months as an executive-in-residence with Polaris Venture Partners, before which he was strategic partner development manager for Google’s Small Medium Business Partnerships group.
2 min read · 21 May 2010
Zaid Ashai has joined Point Judith Capital, a Providence, R.I.-based VC firm, as a partner. He previously was with Good Energies and, before that, worked both with HabourVest Partners and Credit Suisse's tech I-banking group.
3 min read · 21 May 2010
