Google Ventures CEO and Founder Bill Maris Is Leaving

According to a report from Recode, the founder and CEO of Google Ventures (GV), Bill Maris, is leaving the firm and its parent company, Alphabet. Recode reports: "Sources say Maris is being replaced by David Krane, a managing partner for the venture arm and one of the earliest corporate communications managers at Google. Maris, an early web entrepreneur, founded Google's venture capital arm in 2009 and quickly built it into a formidable presence in Silicon Valley. In 2015, the firm managed upwards of $2.4 billion in capital. Although GV cut back on investments in Europe and with early stage companies, the firm is still willing to cut checks. For the first six months of this year, it passed Intel Capital as the most active corporate venture arm, according to CB Insights. Under Maris, GV has had some high-profile misses -- most notably, the disastrous app Secret. But those were outweighed by early bets in gigantic startups like Uber, Nest, Slack and Jet.com, which just went to Walmart for $3 billion. Lately, GV has upped its investment in startups working on health and biotech, a strong interest of Maris's." Recode followed up with Maris in a separate report and asked him several questions. When asked why he is leaving, Maris said, "I'm leaving because everything is great."

Seems like a trend

[Anonymous Coward]

Google executives leaving in key project areas of late? Wonder why?

health and biotech

[110010001000]

Rich executive is getting older and realizes that you can't take money to the grave, so he is investing in biotech in hopes it makes him live longer. Sorry buddy, it won't help.