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Friday, October 28, 2005

Jeff Nolan Exits VC Business

Jeff Nolan, the well known name in the VC fraternity leaves leaves the VC business. Apparently he would continue to be part of SAP albeit in a new role. Jeff says that his decision was owing to the desire to get more operations centric – he writes that – "I missed having direct operational control and I missed the sense of accomplishment that comes from successfully executing direct operational control, and quite honestly, all of the venture deals I was looking at started to look the same. I missed having a team. I was also concerned that my experience in operating roles in enterprise software was becoming dated and perhaps not as relevant to the state that the business is in today; it's one thing to spend 4 hours in a board meeting talking about a business, it's another thing altogether to actually do it". He adds, "I was presented with an opportunity to lead a team working with people I really admire and respect on a set of challenges that are of pre-eminent importance to SAP. In short, the more I looked at this the more I found myself thinking in the role, I was hooked big time".
Jeff, a regular in the blogging circuit is pretty direct in his writings. I am a regular reader of Jeff’s blog and hope he continues his regular postings. Matt Marshall points out that his caused him endless problems internally. Apparently, SAP even had their lawyers call him to shut the blog down. But Hats off to Jeff that he stood his ground for such a long time.
Here’s wishing Jeff best wishes in his new position

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