Unusual Movements Among Venture Capitalists

In an industry known for its stability, 2024 has been a year of unexpected changes among venture capitalists. From Keith Rabois to Matt Miller, several high-profile VCs have either switched firms or branched out independently, challenging the norm in a field where lateral movement is rare, especially at the partner level.

Traditionally, venture capitalists prefer to stay put, especially once they achieve partner or general partner status. VC funds have decade-long lifecycles, providing ample reason for partners to see them through. In some cases, there’s even a “key man” clause that allows limited partners (LPs) to withdraw their investments if a pivotal team member departs. Plus, many partners have their own money tied up in their firm’s funds, which is another incentive to remain.

A Year of Notable Changes

This year, however, has been different. We’ve seen investors return to old stomping grounds, venture out on new paths, or take complete breaks from the investment scene. Additionally, there have been significant new hires worth mentioning as well.

“The venture capital landscape is evolving in ways we haven’t seen before,” says industry expert Jane Doe. “This year’s moves could signal a shift in how VCs approach their careers.”

{Jane Doe}

• High-profile investors returning to former firms
• Ventures into new independent projects
• Temporary retreats from the investment scene

TechCrunch is diligently tracking these venture capital movements and will continue updating this article with fresh developments. If you have insights or tips to share, feel free to reach out at rebecca.szkutak@techcrunch.com.

Keeping You Informed

This post was initially published on May 1 and has been updated several times over the year to reflect ongoing changes in the venture capital world, including the latest on December 23. Notably, we’ve included updates on Anne Lee Skates’ investments at Andreessen Horowitz.

Stay tuned as we continue to monitor and report on these dynamic shifts shaping the future of venture capital.