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Mardi, 18 Janvier 2011 15:41

Prepping For An IPO, LinkedIn Adds Sequoia Partner Michael Moritz To Board

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image With reports of a 2011 IPO swirling, professional social network LinkedIn has brought on another notable board member—Sequoia Capital partner Michael Moritz.

It appears that Moritz will be replacing Sequoia Partner

Marc Kvamme, who recently left the venture capital firm to run Ohio’s Department of Development. On LinkedIn’s board, Moritz joins Stan Meresman, Netflix CMO Leslie Kilgore, former Ask.com CEO George “Skip” Battle, LinkedIn founder and former CEO Reid Hoffman, current CEO Jeff Weiner, Greylock’s David Sze.

At Sequoia, Michael Moritz focuses on software and services investments. Moritz currently sits on the boards of 24/7 Customer, Aricent, Gamefly, Green Dot, Klarna Kayak.com, Plaxo, Pure Digital, Sugar Inc, WeatherBug, and Zappos.com. Moritz’s previous investments at Sequoia include Google, Yahoo, PayPal and Flextronics (he served on the boards of all of these companies as well). Prior to joining Sequoia Capital in 1986, he worked in a variety of positions at Time Warner and was a Founder of Technologic Partners, a technology newsletter and conference company.

Weiner said in a statement: “As one of the founding investors in LinkedIn, Mark’s vision, passion and insight helped fuel the company long before others had recognized the full potential of our platform…Mike brings an impressive range of knowledge and expertise which will be invaluable to the company as we work to continue to grow our business around the world.”

With 90 million users, LinkedIn has shown steady growth, especially in international markets. The professional social network has been eyeing an IPO for some time now. The company is cash-flow positive and has been staffing up for major expansion. Moritz is no doubt a seasoned advisor of many companies that have gone public, so his insight should be very valuable to the company. As we heard at TechCrunch Disrupt last fall, most of Mortiz’s value comes outside of the boardroom — he offers the guidance and experience of someone who has been there many times.


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Authors: Leena Rao

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