Bill Maris, the founder and chief of Google Ventures (or GV), is leaving the firm and its parent, Alphabet, Recode has learned. His last day, said sources, is Friday.
Maris would be the third high-ranking executive to depart from the Alphabet units outside of the main Google search business in recent months, as the tech giant continues to stumble through the transition into its new corporate structure.
Sources say Maris is being replaced by David Krane, a managing partner for the venture arm and one of the earliest corporate communications managers at Google.
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A representative from GV did not immediately respond to a request for comment. Maris did not reply to an email seeking comment.
Maris, an early web entrepreneur, founded Google's venture capital arm in 2009 and quickly built it into a formidable presence in Silicon Valley. In 2015, the firm managed upwards of $2.4 billion in capital.
Although GV cut back on investments in Europe and with early stage companies, the firm is still willing to cut checks. For the first six months of this year, it passed Intel Capital as the most active corporate venture arm, according to CB Insights.