What's it like managing the investment portfolio of one of the world's richest men? Chris Temple will find out as the new president of Vulcan Capital, the private investment arm of Microsoft co-founder Paul Allen.
It's a challenging job for sure, considering that Charter Communications (one of Vulcan's largest portfolio companies) is mired in bankruptcy proceedings. Earlier this year, Vulcan also laid off about 50 staffers. Vulcan also has a number of bets percolating in the startup arena, namely Seattle companies such as Gist, Kiha and Evri.
Temple replaces Lance Conn, who had served as president of Vulcan Capital for the past five years. Conn planes to continue on the boards of Charter and Plains All-American Pipeline, also a Vulcan portfolio company.
A Harvard business school grad, Temple joined Vulcan last year as vice president from the New York private equity firm of Tailwind Capital. He had previously worked at Friend Skoler & Company and Thayer Capital Partners.
"I look forward to continuing to drive returns that support Paul and Vulcan’s philanthropic, scientific and entrepreneurial endeavors,” Temple said in a statement.
Update: Here's our follow-up Q&A interview with Temple who discusses the venture capital market, the economy and what it's like working for Paul Allen.
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