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June 16, 2008 5:51 PM PDT

Yahoo exec joins two venture firms

by Stephen Shankland

Jeff Weiner, executive vice president of Yahoo's Network Division

Jeff Weiner, executive vice president of Yahoo's network division

(Credit: Stephen Shankland/CNET News.com)

Jeff Weiner, a top Yahoo executive who announced his departure from the company last week, is indeed joining two venture capital firms.

Accel Partnerse and Greylock Partners both announced Monday that Weiner is joining as "executive in residence."

"Weiner will advise the leadership teams of existing Accel and Greylock consumer technology portfolio companies, and will also work closely with the firm's partners to evaluate new investment opportunities," the firms said.

Weiner was executive vice president of Yahoo's network division, overseeing many of the Internet company's most important products.

According to a memo from Yahoo President Susan Decker, reported on TechCrunch, "On an interim basis, Jeff's team will report to me as we consider how to best move the organization forward."

Stephen Shankland writes about a wide range of technology and products, but has a particular focus on browsers and digital photography. He joined CNET News in 1998 and since then also has covered Google, Yahoo, servers, supercomputing, Linux and open-source software, and science. E-mail Stephen, or follow him on Twitter at http://www.twitter.com/stshank.
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by benjaminstraight August 3, 2008 2:28 PM PDT
Well, they are definitely marketable. Good for them.
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