Menlo Ventures has poached Globespan Capital Partners managing director Venky Ganesan for the same position in its Sand Hill Road office.
Ganesan had been with Globespan’s investment team since its inception in 1998, investing in companies such as Palo Alto Networks, Plaxo and oDesk.
Prior to Globespan Ganesan was vice president of JAFCO Ventures, where he founded Trigo Technologies and served as COO.
He began his career as a program manager at Microsoft’s Encarta Group.
Menlo managing director Pravin Vazirani said, “We’re excited about Venky joining us for many reasons. Over the past 15 years as a venture capitalist, he’s established an amazing track record… he’s shown quite a bit of versatility, spanning seed through growth stages of investing across both enterprise and consumer sectors, which matches extremely well with Menlo’s investment strategy.”
He added, “What spoke to us most loudly, however, is the feedback we heard from the entrepreneurs and CEO’s that have worked with Venky over the years.
“Every single one said he was an invaluable partner and advisor, through tough times and good times, and would work with him again in a heartbeat.”
The move comes just two weeks after Menlo revealed Shervin Pishevar had stepped down from a managing director role to become an advisor at the firm.
Pishevar, who only joined Menlo in 2011, helped launch the firm’s $20m seed fund. He will continue to source investments and advise portfolio companies for Menlo while running his new company foundry Sherpa.
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