Akamai

Paul Sagan: No interest in another CEO job

January 30, 2014: 12:24 PM ET

Former Akamai chief executive is becoming a venture capitalist.

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FORTUNE -- One year after stepping down as CEO of Akamai Inc. (AKAM), Paul Sagan today announced that he has joined venture capital firm General Catalyst Partners.

His official at General Catalyst will be XIR partner, which the firm describes thusly: "Proven founders, CEOs and visionaries with deep domain expertise who partner with General Catalyst to identify investments in profitable companies in which they can be a catalyst for value creation and hyper-growth via a chairman or CEO role."

That said, Sagan seems to view this more as a full-time investment role than as a holding pattern for another CEO gig. When I asked if he wants to run another company, he responded: "I get that question a lot, particularly from other CEOs who can't imagine not being a CEO. But I never really wanted to be a CEO in the first place, but did it at Akamai because it made sense for the company. So I don't need to be a CEO, and I think I'll find investing in and advising companies to be incredibly fulfilling."

He also doesn't have any plans to run for public office like fellow General Catalyst XIR Charlie Baker, the former Harvard Pilgrim Health Care CEO who is (again) running for Massachusetts governor.

In addition to his General Catalyst responsibilities, expect Sagan to maintain existing board seats with Akamai, EMC (EMC) and iRobot (IRBT).

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