Former Mozilla CEO and longtime venture capitalist John Lilly announced that he was stepping down from his role as general partner at Greylock, where he has co-managed investments for the past eight years. While Mr. Lilly will continue his involvement with the companies where he serves as board member, he won’t be seeking out new investments.
As Recode notes, Mr. Lilly is the fourth high-profile member to step down from Greylock in the past two years. Others departures include Sarah Tavel, Josh Elman and Jeff Markowitz. The continuing loss of talent is undoubtedly a blow to the 50-year-old venture firm, which closed a $1 billion fund in 2016.