Google Ventures CEO Bill Maris ‘Quits’

The founder and CEO of Google’s venture-capital arm, Bill Maris, is to leave the company in the latest of a number of high profile departures at Alphabet.

Recode, quoting unnamed sources, reported that Maris is departing GV (formerly Google Ventures) on Friday. He will be replaced by David Krane, a managing partner for the venture arm and a former corporate communications managers at Google.

Investment Success

The departure of Maris is significant as he founded the unit back in 2009.

Under his leadership, Google Ventures established itself as one of the leading technology investment firms, posing a significant challenge to rivals such as Intel Capital. In 2015 it reportedly managed in excess of $2.4 billion in capital.

As with any venture capitalist firm, it achieved a number of successes (and failures) over the years. Successes included investments in startups such as Uber, Nest, Slack and Jet.com, but misses include the app Secret.

In recent years Google Ventures has branched out from its tech base, and increased its investments in startups operating in fields such as health and biotech. But it also withdrew from Europe after it rolled up its European investment arm last December into its global operation, only a year after launching it in Europe.

Google Ventures Europe had launched in July 2014 with an initial £100 million investment, which was later raised to £125 million several months later in an attempt to widen its sphere of influence. But it only invested in six companies, five of which (Kobalt, Lost My Name, Yieldify, the Oxford Science Innovation Fund and Secret Escapes) were based in the UK.

Google Departures

Industry observers have noted that Google has experienced a number of high level departures recently.

Maris’s departure is the fourth high level move from Google in the last few months. Chris Urmson, the chief technical officer of Google’s self driving car project, left the firm last week. Product manager Anthony Levandowski also left earlier this year.

Nest boss Tony Fadell also left in June this year.

Prior to that Chris O’Neill, the former business head for the Google Glass project, stepped down last year.

What do you know about start-ups? Take our quiz!

Tom Jowitt

Tom Jowitt is a leading British tech freelancer and long standing contributor to Silicon UK. He is also a bit of a Lord of the Rings nut...

Recent Posts

UK’s CMA Readies Cloud Sector “Behavioural” Remedies – Report

Targetting AWS, Microsoft? British competition regulator soon to announce “behavioural” remedies for cloud sector

13 hours ago

Former Policy Boss At X Nick Pickles, Joins Sam Altman Venture

Move to Elon Musk rival. Former senior executive at X joins Sam Altman's venture formerly…

16 hours ago

Bitcoin Rises Above $96,000 Amid Trump Optimism

Bitcoin price rises towards $100,000, amid investor optimism of friendlier US regulatory landscape under Donald…

17 hours ago

FTX Co-Founder Gary Wang Spared Prison

Judge Kaplan praises former FTX CTO Gary Wang for his co-operation against Sam Bankman-Fried during…

18 hours ago