Laela Sturdy is taking over as managing partner of Google’s growth investment fund CapitalG after leading its high-profile bets into companies like Duolingo and Stripe Inc. The move will make Sturdy one of the only women to lead a major venture firm, years after the industry said it would do better on promoting women and investing in women founders.
David Lawee, the founder of CapitalG, is stepping back from the role as managing partner effective Wednesday, and will stay at the firm during a transition period of several months. Lawee, 57, is in the process of stepping off his board seats, except for Lyft Inc., where he will stay on as an independent director, CapitalG said.
