Another VC Calls It Quits

Justin Hibbard

Those of you who have enjoyed the Venture Chronicles blog by SAP Ventures' Jeff Nolan will have one less VC blogger to kick around (or cuddle). Nolan is leaving the VC business to return to an operating role inside business-software company SAP. In his farewell post, he gives reasons much different from those of Howard Anderson, who announced in June he was leaving the VC business because he thought its best days were in the past. I don't know Nolan or any of the circumstances behind his decision. He says in his post that he "started feeling a strong urge to do something different" and "missed having direct operational control." I wonder: Would he feel that way if the VC business was still pumping out the kinds of returns it was six years ago?

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