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Dealmaker

Why Andreessen, Lightspeed and Coatue Partners Are Leaving

Screenshot of Andy Chen, left, via YouTube. Photo of Mercedes Bent via Getty
By
Natasha Mascarenhas
[email protected]Profile and archive

After tech stocks crashed three years ago, the correction in private startup valuations led to a wave of partners leaving their venture firms. Over the past year, a new exodus has emerged as investors depart with plans to set up their own funds. 

Six early-stage partners from Andreessen Horowitz, Coatue Management, Founders Fund, Lightspeed Venture Partners and Forerunner Ventures have left their firms in the past few months or are in the process of doing so. More are in the works, I hear.

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