Wake up to Mike Allen’s AM, the 10 stories driving your day

Stories

Google Ventures partner Avid Duggan leaves for Kobalt Music

Google Ventures headquarters
Photo via Smith Collection/Gado/Getty Images

Avid Larizadeh Duggan has stepped down as a general partner with Google Ventures, in order to become head of global business strategy and development for GV portfolio company Kobalt Music.

Why it matters: Duggan isn't the only senior GV investor seeking new challenges, Axios has heard from a source, and her departure leaves the group without any women in general partner roles.

Duggan had been an entrepreneur prior to joining GV in 2014, and tells Axios that she wanted to return to "building things." She adds that she "fell in love with" Kobalt, which develops music rights technologies like online copyright administration and royalty tracking, while working with the company at GV.

"Kobalt is looking to bring fairness to the music industry," she explains. "It has an impact on every person on the planet, because everyone listens to at least some music."

London-based Duggan adds that her GV portfolio responsibilities will be transferred to other staffers, and that Tom Hulme will (at least for now) be the group's only general partner in Europe.

More stories loading.