Venture Capital
Kleiner Perkins’s John Doerr to Step Aside From New Venture Funds, Become Chair
A change at the storied venture capital firm could usher in an accelerated transition to a new generation of investors.
Doerr: Tom Perkins was a pioneer in venture capital
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Venture capitalist John Doerr, 64, will step away from some management duties at his firm, Kleiner Perkins Caufield & Byers, to become its first chair. Doerr will continue investing money from the firm's current funds but will not participate as a general partner in future funds, accelerating a transition to a new generation of investors.
Doerr, the highly influential investor who made an early bet on Amazon.com Inc. and is a veteran board member at Google parent Alphabet Inc., joined Kleiner Perkins in 1980. He said he decided to begin his transition to chair after a meeting with top Silicon Valley corporate coach Bill Campbell.