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.

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