The Wall Street Journal: VC legend John Doerr named chairman of Kleiner Perkins

Venture capitalist John Doerr, whose early bets on such companies as Google GOOG, -0.74% GOOGL, -0.71%   and Amazon AMZN, -0.84%   turned VC firm Kleiner Perkins Caufield & Byers into a powerhouse, is taking a job as the firm’s first chairman.

In his new role, Doerr plans to focus on finding and coaching the next generation at Kleiner while finding time to “look over the horizon for the next big thing(s),” he wrote on Kleiner Perkins’ website.

“I see this chair role as a ‘player coach,’” Doerr wrote, adding he would “remain deeply involved in the daily life” of Kleiner, investing for the firm’s funds and his family foundation and would continue to serve on Kleiner’s investment committees.

Doerr, who joined Kleiner in 1980, started his technology career in 1974 at Intel, where he learned about a system called Objectives and Key Results that Intel used to motivate and manage its employees — a way to get people to set priorities, take risks and work as a team. Doerr took that approach to the companies in which Kleiner invested, like Google.

An expanded version of this report appears on WSJ.com.

Filed in: Top News Tags: 

You might like:

Outside the Box: The 3 most surprising things I learned when I got serious about early retirement Outside the Box: The 3 most surprising things I learned when I got serious about early retirement
Market Snapshot: Why a spike in the 10-year Treasury yield to 3% won’t be a death knell for stocks Market Snapshot: Why a spike in the 10-year Treasury yield to 3% won’t be a death knell for stocks
States that voted for Trump are more likely to have growing credit-card debt States that voted for Trump are more likely to have growing credit-card debt
CEO turnover is the highest it’s been in 8 years CEO turnover is the highest it’s been in 8 years
The depressing reason most Americans are making more money The depressing reason most Americans are making more money
Delta passengers were trapped on runway for 12 hours — but did they get compensation? Delta passengers were trapped on runway for 12 hours — but did they get compensation?
Did Kylie Jenner’s tweet really cause Snapchat stock to plunge $1.3 billion? 5 of the costliest tweets ever Did Kylie Jenner’s tweet really cause Snapchat stock to plunge $1.3 billion? 5 of the costliest tweets ever
Capitol Report: Schiff memo released challenging Republican allegations of government overreach related to Mueller probe Capitol Report: Schiff memo released challenging Republican allegations of government overreach related to Mueller probe
© 4269 Stock Investors News. All rights reserved. XHTML / CSS Valid.