FORTUNE -- Matthew Nordan has stepped down as an energy-focused vice president with VC firm Venrock, in order to launch a new firm alongside Chivas Lam (ex-venture partner with Qiming) and Greg Manuel (former SVP at Amyris Biotech and ex-special advisor for energy to Sec of State Condoleezza Rice).
Not another VC firm, but rather a clean energy project development company focused on China (likely via joint ventures or other such arrangements with U.S. companies). It's called MNL Partners, and does have some backing from institutional and individual investors (no details being disclosed yet). Expect Nordan to maintain his Venrock board seats with both Boston Power and FINsix.
Nordan's decision to leave Venrock comes as the firm appears to be deemphasizing energy investing. Partner Matt Trevithick also left the firm at year-end, although there is no word yet on his future plans.
Both Nordan and Trevithick had helped work on Nest Labs -- a popular maker of smart home appliances like thermostats and smoke detectors -- for Venrock, but it now looks like partner David Pakman is assuming that relationship.
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Money is cheap, but time creates value.
By Bryan Roberts, contributor
Spray and pray. Try before you buy. Foot in the door.
All of these describe the dominant seed investment strategy today in Silicon Valley. The start-up world's current angst around the "Series A crunch" is in great contrast to my seed experience, where follow-on financings are the norm and several of our seed deals are on their way to being standout successes in MOREDec 13, 2012 12:39 PM ET
Gilt Groupe investor switches shops.
FORTUNE -- Big move in the East Coast venture capital world, as Nick Beim has left Matrix Partners for Venrock.
Beim had spent the past 12 years with Matrix, where he led investments in such technology companies as Gilt Groupe, Care.com and TheLadders.com. Exited deals included OatSystems (acquired by Check Point Systems) and JBoss (acquired by RedHat).
Beim will serve as a New York-based managing director with Venrock, MOREDan Primack - Nov 28, 2012 10:17 AM ET
Ohad Finkelstein has left venture capital firm Venrock, where he was an Israel-based partner in charge of international investing, Fortune has learned. Here is part of an email Finkelstein sent to friends and colleagues earlier today:
Please note that as of June 30th 2011, I have left Venrock and together with my partners Yuval Shahar, David Hand, and Rick Scanlon created a new international, multi stage, multi discipline, and multi geography investment entity – MOREDan Primack - Jul 8, 2011 1:34 PM ET
Legendary venture capitalist Alan Patricof last Monday sent out an email detailing several staffing changes at his current firm, Greycroft Partners. Here was the lead item:
Marissa Campise, who has been with the firm for the past year, has been promoted to Principal. Prior to joining Greycroft, Marissa worked at Lindzon Capital Partners pursuing start-up and angel investing.
Now, just 10 days later, rival VC firm Venrock has announced that Campise will MOREDan Primack - May 5, 2011 11:45 AM ET
The Mail Room Fund launched three years ago to a flurry of Hollywood fanfare. Now it has disappeared with nary a whimper.
Venture capital goes Hollywood.
That was the message in March 2008, when Silicon Valley stalwarts Accel Partners and Venrock partnered with the William Morris Agency and AT&T (T) to invest in Southern California's early-stage digital media market. They called their brainchild The Mail Room Funds, as an homage to the legendary MOREDan Primack - Apr 25, 2011 2:30 PM ET
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