Private Equity
Canaan Partners has promoted Alok Mittal and Izhar Shay to general partner, and promoted Warren Lee to venture partner.
3 min read · 14 January 2009
Big personnel move in the cleantech VC world, as Todd Kimmel has left Advanced Technology Ventures to become a partner with Mayfield Fund. For the uninitiated, Kimmel originally joined ATV in 2003 at just 27 years old, and invested in companies like Great Point Energy and CaliSolar. He then transitioned to an entrepreneur-in-residence role in 2006, and co-founded cellulosic ethanol company Coskata (yeah, the one that just got money from Blackstone). Early last year he returned fulltime to ATV, but now is moving on. Last Friday I spoke to Kimmel, who said the move was largely due to Mayfield’s global platform. “Every company I invested in with ATV needed to address going outside the U.S.,” Kimmel explains. “GreatPoint has been in conversations with a Chinese power company about building a factory, CaliSolar built a facility in Germany because it got support from the German government and so on.” He added that it was difficult to leave ATV, because “they gave me my first VC opportunity.” Kimmel has transferred
2 min read · 12 January 2009
Lip-Bu Tan, founder and chairman of venture capital firm Walden International, has been named CEO of semiconductor company Cadence Design Systems (Nasdaq: CDNS), effective immediately. Tan had been a long-serving member of the Cadence board of directors, and had been serving as interim vice chairman. Cadence said in a statement that Tan would continue to serve as Walden Interenational's chairman, but I'm not exactly sure what that means on a practical level. Public company CEO is a fulltime job, which either means that: (A) Tan will cut way back on his Walden International responsibilities, or (B) Tan already had cut way back on his Walden International responsibilities. Please note that I keep writing both Walden and International, so as to distinguish the firm from the unaffiliated WaldenVC.
1 min read · 09 January 2009
John White has joined Murphree Venture Partners as a partner, with a focus on cleantech. He is co-founder, chairman and CEO co-founder of Standard Renewable Energy Group, a private equity firm focused on technology and renewable energy.
3 min read · 08 January 2009
1 min read · 07 January 2009
1 min read · 07 January 2009
Grant Jackson has joined Council Ventures as a general partner. He previously was a partner with The Aurora Funds, where he focused on healthcare services and healthcare IT opportunities.
2 min read · 06 January 2009
Edward Scolnick and Finny Kuruvilla have joined Clarus Ventures as a venture partner and principal, respectively. Scolnick is the former president of Merck Research Labs, and most recently was director of the Stanley Center for Psychiatric Research. Kuruvilla previously was with the Broad Institute of Harvard and MIT, where he led a collaborative effort with Affymetrix in medical genetics.
4 min read · 05 January 2009
Clarus Ventures has promoted Emmett Cunningham to partner and Scott Requadt to transactional partner. Cunningham joined Clarus in 2006, and serves on the board of SARcode. Requadt joined in 2005, and sits on the board of TyRx Pharma.
3 min read · 05 January 2009
General Catalyst Partners has promoted Neil Sequeira to managing director. He joined the firm in 2005, after having served as a managing director with Time Warner Investments.
2 min read · 05 January 2009
