Moritz to Leave Google Board

03/22/07 - 05:09 PM EDT

Vishesh Kumar

Google(GOOG Quote) board member Michael Moritz won't seek re-election at the company's next shareholder meeting, the search giant announced Thursday afternoon.

Moritz, one of the most successful venture capital investors of all time and a partner at Sequoia Capital, was an early investor in Google when it was a startup company. He also backed Yahoo!(YHOO Quote), eBay's(EBAY Quote) PayPal and Flextronics(FLEX Quote).

Additionally, he invested in video-sharing site YouTube, which Google acquired in October for $1.65 billion.

In a statement, Moritz said he was leaving the Google board to focus on his work at Sequoia. He said Google's management and founders "have generated substantial returns for Sequoia Capital's limited partners -- almost all of which are charities."

Sequoia was an early backer of tech companies like Apple(AAPL Quote), Cisco(CSCO Quote) and Electronic Arts(ERTS Quote), among others.

Your Recent Quotes: Quote Up0 | Quote Down0
 
Dow S&P 500 NASDAQ
Oil*
65.43
8,280.74
896.42
1,796.52
10 Yr
3.50%
223.32
26.91
49.20
-2.63%
-2.91%
-2.67%
Data delayed 20 min
Get Jim Cramer's Free Newsletter

The Daily Booyah!
Get your daily dose of Cramer in your inbox.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer's latest picks now!

Brokerage Partners