Newspaper article International New York Times

Doerr to Quit Duties as Venture Firm Chief

Newspaper article International New York Times

Doerr to Quit Duties as Venture Firm Chief

Article excerpt

The move reflects a shift in prioritization of Mr. Doerr's time from managing the firm to grooming its next generation of leaders.

John Doerr, one of Silicon Valley's most prominent venture capitalists, is stepping back from the day-to-day management of his firm, Kleiner Perkins Caufield & Byers, in a changing of the guard.

Mr. Doerr, 64, who joined Kleiner Perkins in 1980, will become its first chairman. The shift reflects a reprioritization of his time from managing the firm to grooming the next generation of leaders.

While Mr. Doerr will continue to focus on the investments that he has already made and the board seats he currently holds, he will not make new investments in start-ups when the firm raises new funds.

"I see this chair role as a 'player coach,"' Mr. …

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