An unusual number of investors are working on new firms, like Ethan Kurzweil, formerly of Bessemer Venture Partners, and Mike Volpi, who had been a key figure at Index Ventures. This year also saw some veteran VCs step back from the day-to-day grind (Brian Singerman at Founders Fund), and others switch firms (Keith Rabois at Khosla Ventures).
Being a venture capital partner is supposed to be a job for life. But in 2024, dozens of investors at some of the most storied firms have quit or been pushed out, the effect of a protracted startup downturn and a broader shift in the role of VC firms.
In the last month alone, Matt Miller said he was leaving Sequoia Capital after more than a decade; Lux Capital general partner Bilal Zuberi started work on a new fund; and general partner Sriram Krishnan left Andreessen Horowitz. Krishnan is planning to work with the White House advising on AI policy, he said on Sunday.
