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:

MarketWatch First Take: Pinterest’s IPO filing: 5 things investors should know MarketWatch First Take: Pinterest’s IPO filing: 5 things investors should know
The Wall Street Journal: Mueller concludes Russia probe, delivers report to the attorney general The Wall Street Journal: Mueller concludes Russia probe, delivers report to the attorney general
Capitol Report: Trump’s reversal of North Korea sanctions is ‘a scandal,’ former Treasury official says Capitol Report: Trump’s reversal of North Korea sanctions is ‘a scandal,’ former Treasury official says
Videoconference unicorn Zoom files for initial public offering Videoconference unicorn Zoom files for initial public offering
Pinterest files IPO, losses narrow as revenue rises 60% Pinterest files IPO, losses narrow as revenue rises 60%
Personal Finance Daily: Some parents offer bribes to get their kids into the best summer camps and the incentive that actually gets workers to stick with a wellness program Personal Finance Daily: Some parents offer bribes to get their kids into the best summer camps and the incentive that actually gets workers to stick with a wellness program
Deep Dive: Stocks took a big hit Friday, and these shares fell the most Deep Dive: Stocks took a big hit Friday, and these shares fell the most
Market Snapshot: Stocks log worst day in over 2 ½ months as bond market flashes recession warning Market Snapshot: Stocks log worst day in over 2 ½ months as bond market flashes recession warning
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.