Company's Former CEO to Join VC Firm
By: Todd Wallack Wednesday, May 10, 2000
Former ExciteAtHome chief executive Tom Jermoluk confirmed rumors yesterday that he plans to join the famed Menlo Park venture capital firm Kleiner, Perkins, Caufield & Byers as a general partner.
An announcement is expected today.
Jermoluk, 43, who stepped down as ExciteAtHome CEO in January and gave up the chairman's title Monday, said he decided he would have more fun nurturing several young technology companies than working as a full-time executive.
``I really like being able to build a company,'' said Jermoluk, who also spent 10 years at Silicon Graphics. ``I'm still an engineer at heart.''
He also said he felt comfortable leaving ExciteAtHome after working out a deal with the company's cable partners to give AT&T control of the firm and extending the partnerships with three of the firms.
Jermoluk already has invested $10 million to $15 million in four startups: SmartPipes, which helps provide Internet infrastructure services; Kibu, a Web ``hangout'' for teenage girls; Shutterfly, a Net digital photography service; and myCFO, an Internet financial services Web site.
sfgate.com
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This Kibu site has an odd undertone when combined with the other digital photography venture. Doesn't go with the quote an "engineer at heart". More like a 43 year old man man having a midlife crisis. Hope no negative press is in the future for him. Haven't heard of this venture capital firm.
Jack |
