The output was reported by the website Re / code, citing sources close to the process. It is the third prominent executive to leave the Alphabet in recent months. In June, it was the turn of the CEO of Nest, Tony Fadell and Chris Urmson , director of technology and former director of Google’s autonomous car project. Now is the time Bill Maris.
The executive will be replaced by David Krane , which has a management position in the company’s investment arm and that was one of the first charge of Google communication.
Google Ventures was founded in 2009 by Bill Maris, himself an entrepreneur who surfed the wave of web business at its peak. In 2015, the investment arm was managing $ 2.4 billion in capital. Among the most profitable investments are Uber, Nest, Slack and Jet.com, which has just been bought by Walmart for $ 3 billion.
Bill Maris led to the GV invest more in startups in the health and biotechnology. However, some bets did not give the expected results – for example, investment in application “Secret” , which closed its doors in the spring of last year. Google Ventures also reduced its investments in Europe and companies in very early stage. Still, the first half of 2016 has invested more than any other investment arm, surpassing Intel Capital
However, the creation of Google capital three years ago. – To invest in more companies mature – was understood as a kind of competition. Last year, the transition structure for the Alphabet led to cost cuts and a reorganization that seems to have pleased many people.
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