FORTUNE -- "Stay tuned."
That is all Wesley Chan will say about his new project, which is causing him to step down as a general partner with Google Ventures. Any vague, buzzwordy description? "Stay tuned." Are you doing this independently or within Google? "Stay tuned."
My best guess is that Chan is being coy, and is working on something in the digital television or radio realm. But, again, I've only got two words to go on.
Here's what we do know: Chan originally joined Google (GOOG) as an associate project manager in 2002, after stints at both Hewlett-Packard (HPQ) and Microsoft (MSFT). He is credited with helping found both Google Analytics and Google Voice, and would eventually receive a coveted Google Founders Award.
In late 2009 he joined Google Ventures, the company's quasi-independent venture capital arm, as a general partner. He has led more than 40 investments, and was responsible for the firm's seed-stage investing program.
With today's move, Chan will transition into an entrepreneur-in-residence role at Google Ventures (which may, or may not, have already provided funding for Chan's new venture). He is expected to step down from his two portfolio company board seats, with Andy Wheeler taking his spot at Transphorm (power modules) and Rich Miner joining the Crittercism (mobile app infrastructure) board. Partners Kevin Rose and MG Siegler will lead the seed investment program going forward.
"If you look at my time at Google, every four or five years or so I start something new," Chan says. "That's what I'm doing again."
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AngelList builds its war chest, as the SEC prepares to lift its ban on general solicitation.
FORTUNE -- For years, AngelList has freely facilitated introductions between entrepreneurs and investors. Now it's raised some big cash of its own.
Fortune has learned that AngelList recently raised around $24 million at a valuation in the $150 million range. Atlas Venture and Google Ventures helped lead the round, which included participation by more than 100 MOREDan Primack - Sep 22, 2013 5:20 PM ET
Some details beyond the dollars.
FORTUNE -- Last month we reported that Uber was in talks with Google Ventures and TPG Capital for a massive fundraise that would value the company well north of $3 billion.
AllThingsD got the goods yesterday afternoon via a Delaware filing, which showed that Uber raised a total of $361 million at a $3.4 billion pre-money valuation. Fortune followed late last night with a scoop about how that Uber's two new board members will MOREDan Primack - Aug 23, 2013 12:32 PM ET
Objective Logistics raises $5.3 million to grow its waitstaff management platform.
FORTUNE -- If you've ever worked in a bar or restaurant, you know that there are certain shifts and sections that are more desirable than others. And you also know that getting a good schedule is capricious at best, and at worst based on how much managerial butt you can kiss.
But Philip Beauregard is working to upend that dynamic through Objective MOREDan Primack - Jul 18, 2013 12:07 PM ET
A better model, or a pretty face on an ugly business?
FORTUNE -- Payday loans are considered a dirty business, both figuratively and literally. Corner stores in rough neighborhoods, bulletproof glass and the quiet desperation that leads someone to borrow $200 at a 400% APR.
But a new startup called LendUp is hoping to change all that. And yesterday it announced a seed round of venture capital from backers that included Andreessen MOREDan Primack - Oct 11, 2012 4:35 PM ET
Ride-sharing startup raises money from Google Ventures, Lightspeed.
Interesting to see Bay Area ride-sharing startup SideCar this morning announce $10 million in new VC funding, in the wake of a report that the company was among those receiving cease-and-desist letters from state regulators.
Worth noting, however, that the letters actually came back in August, and that Sidecar has continued to operate (as have other ride-sharing companies that got similar letters).
Founder and CEO Sunil Paul MOREDan Primack - Oct 10, 2012 12:27 PM ET
Do corporate salespeople need a new type of email? A new start-up says "Yes!"
Yesware came out of stealth mode today, offering a cloud-based email productivity solution for salespeople. It also formally announced a small round of seed funding from Google Ventures and Foundry Group. So I spent some time on the phone with company founder and CEO Matthew Bellows, to understand why salespeople need better apps. What follows is an MOREDan Primack - Sep 27, 2011 11:19 AM ET
How Google Ventures is looking to differentiate itself, and help its companies succeed.
By Brad Coffey, contributor
Back in March, Brian Halligan (our CEO at HubSpot) wrote a great post around his observations on why Sequoia wins at the VC game. Brian's assessment was based on HubSpot's experience raising our Series D and was spot-on. Sequoia is agile, yet disciplined. They are aggressive yet reasonable. They've taken the classic venture capital playbook and MOREJun 22, 2011 12:14 PM ET
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