Kleiner Perkins Partner Matt Murphy to Leave After 15 YearsEric Newcomer
Matt Murphy, a partner of 15 years at Kleiner Perkins Caufield & Byers, is leaving the venture capital firm.
Murphy testified on the witness stand in Ellen Pao’s gender discrimination case about why he fired Pao. He mentioned in testimony at the time that he would be leaving the firm.
Murphy, who joined Kleiner Perkins in 1999, was accused by Pao’s attorney of working with other partners to unfairly sway Pao’s 2011 performance review and of fostering a “boys club” culture at the firm. The jury of six men and six women ruled against Pao on all counts. While Kleiner wasn’t deemed to have discriminated against Pao, the case became a flash point in the discussion about the treatment of women in Silicon Valley.
Kleiner Perkins, based in Menlo Park, California, said it had already notified investors before the trial that Murphy would leave the firm.
“We’ve enjoyed partnering with Matt for the past 15 years at KPCB, and will continue to partner with him wherever he ends up,” general partner Ted Schlein said in a statement.
In an interview with the Wall Street Journal, which highlighted Murphy’s departure, the investor said his decision to leave is “entirely about me and wanting to experience something different in the world of venture.”