Lefkofsky had been sharing the role on an interim basis with investor Ted Leonsis, who will assume the chairmanship role. The company originally had planned to hire an executive recruiting firm to find a new leader (i.e., someone who would move from Silicon Valley to Chicago), but that never materialized.
This move obviously has an enormous impact on Groupon, but it also means changes for Lightbank: The early-stage tech incubator and venture capital firm that Lefkofsky helped launch with his early Groupon riches.
My understanding is that Lefkofsky now effectively serves as a special limited partner with Lightbank, attending partner meetings but spending the vast majority of his time on Groupon matters. Fellow Lightbank and Groupon co-founder Brad Keywell -- who also serves on the Groupon board -- and partner Paul Lee will lead future investment activity.
Lightbank's website shows 49 current portfolio companies.
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Has Groupon helped or 'done zilch' for Chicago tech?
FORTUNE -- Last week Erin Griffith wrote that a 2013 IPO for flash sales site Gilt Groupe would be huge for the New York City tech scene. Venture capitalist Greg Gretsch followed up by tweeting that the IPO itself must be long-term successful for it to matter in NYC, since Groupon's IPO (GRPN) "has done zilch for the Chicago tech scene."
First, let's all acknowledge MOREDan Primack - Jan 14, 2013 2:11 PM ET
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