Jeff Weiner, the executive VP in charge of Yahoo’s network division (which includes the portal, search, media, and communications products) is officially leaving.
The news, which already leaked last week, is that Weiner will become an executive in residence at both Accel Partners and Greylock Partners. He will advise portfolio companies for both firms, and help evaluate new investments.
Joining two competing VC firms unusual, especially since he may become privy to competitive information. But Weiner is obviously valued enough by both firms that they decided to share him. He starts in September.
In any case, it should be easier for an executive in residence to recuse himself from discussions where conflicts may arise than it would be for a full partner. The executive in residence position is typically a sabbatical of sorts for talented business leaders in between jobs. Looking at all those deals is a great way to find the next great startup in need of a CEO.
No new word yet on who will succeed Weiner at Yahoo, if anybody. Although there are rumors of yet another restructuring, with Hillary Schneider (executive VP of Global Partner Solutions, reporting to president Sue Decker) taking over his responsibilities. Of course, all bets are off if Yang is replaced as CEO by someone like former COO Dan Rosensweig. Never a dull moment over there.
An internal e-mail about Weiner’s departure is circulating around Yahoo. If someone at Yahoo is brave enough, please cut and paste it into comments.
Update: Sue Decker’s internal e-mail is here.
Can’t you find a better picture of this guy? Weiner looks like a wiener in this one.
“An internal e-mail about Weiner’s departure is circulating around Yahoo. If someone at Yahoo is brave enough, please cut and paste it into comments.”
What’s up Mike, is your boy Brad Garlinghouse on vacation that he can’t leak you memos?
Is this guy overhyped or what?!
I saw Jeff speak at the EconSM conference a couple months back. You could tell something was up then. Smart guy, he will do very well!
Sue, yeah they are using your site to play chess, check mail, use your very fine finance vertical, but they are not using the search engine.
Had you merged with Microsoft you would still enjoy the time on site stat but your stock would be 40% higher and you could have actually made a run on Google in search marketing over time.
Now you are good for researching stocks, playing chess and…….. well for me that’s about it.
awesome idea. he failed at yahoo so why not give him a ceo gig?
Never heard of splitting time between a VC. Lets see, I think I’ll split my time between the SF Giants and the San Diego Padres. How’s that for a career strategy.
Accel and Greylock should be embarrassed.
Интересно написано, реально все прочел буквально на одном дыхании