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HomeTechnologyVenture capitalists continue to play musical chairs

Venture capitalists continue to play musical chairs

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From Keith Rabois to Matt Miller, a lot of VCs have switched firms or spun out of storied VC institutions this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general partner level.
VC funds have 10-year life cycles, and partners have good reason to stay that course. In some instances, there may be a “key man” on a firm’s fund, meaning that if they leave, the fund’s LPs have the right to pull their capital out if they choose. Many partners and GPs also have some of their own money invested in their firms’ funds, which gives them further reason to stick around.
So, while big-name investor moves in venture capital aren’t common, they seem to have become so in 2024. So far this year, there have been notable instances of investors returning to old firms, striking out on their own, or taking a pause from investing entirely. There have also been some key hires to note.
Here’s who we know of so far:
TechCrunch is monitoring the recent venture moves and will continue to update this article as they happen. If you have any tips or callouts to bring to our attention, contact me here: rebecca.szkutak@techcrunch.com.
This post was originally published on May 1. It has since been updated on May 13, July 12, August 15, September 23, November 18, and December 23, 2024, to include additional moves within venture.
This post has been updated to better reflect Anne Lee Skates’ investments at Andreessen Horowitz.
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