Succession Planning: the Biggest Problem Facing Venture Capital

The idea of veteran venture capitalists to step down from their firms is not new. Joh Doerr who joined Palo Alto, California’s Kleiner Perkins Caufield & Byers in 1980 and ran its day to day operations, announced in March he would step back, taking on the role of Chairman while continuing to act as player-coach.  “The venture industry is changing all the time: Doerr wrote in KPCB’s blog . “We must keep changing to better compete and serve entrepreneurs.”