Vulcan Capital President Leaves
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The upheaval continues at Microsoft (NSDQ: MSFT) co-founder Paul Allen’s private investment firm. After only seven months on the job, Vulcan Capital president Chris Temple is leaving, we have confirmed with the company. The news was first reported by TechFlash. A spokesman tells us that Temple is leaving by “mutual agreement” and that a search has begun for a new president.
SEE ALSO: Industry Moves: Paul Allen’s Vulcan Capital Replaces President
The move comes a month after it became public that Allen (pictured) was diagnosed with Non-Hodgkin Lymphoma. Allen—who was once famously said to have a “reverse Midas touch”—has also suffered some notable financial losses in recent months. Among them: He lost $8 billion, as well as his seat as chairman of the board, in the bankruptcy of cable firm Charter Communications (NSDQ: CHTR) and also took a big loss in the sale of DVR maker Digeo.
Vulcan owns or invests in more than 50 companies, including tech startups Evri and Xiant; it also owns the Portland Trail Blazers and the Seattle Seahawks. Temple had been vice president of Vulcan Capital since September 2008; prior to joining the firm, he had been the managing director at New York PE firm Tailwind Capital.
Posted In: Industry Moves, Money, M&A & Venture Capital, Venture Capital, Companies, Microsoft
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