Madrona promotes two to partner |
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Mass High Tech
Madrona promotes two to partner
Scott Jacobson
Tim Porter
Two Stanford MBAs with ties to two of Seattle's largest technology companies have been promoted to partner at Madrona Venture Group, the latest personnel moves at the Seattle venture capital firm.
Scott Jacobson, a former Amazon.com manager who joined the firm in 2007, and Tim Porter, a former Microsoft M&A dealmaker who joined in 2006, will continue to work in similar functions. They both already source deals and sit on boards, so the promotions seem to be more of a recognition than a change in job description.
But the promotions do come just a few weeks after Madrona added some serious horsepower to the team, tapping former aQuantive CEO Brian McAndrews as a managing director.
With the new promotions, Madrona now has seven partners and managing directors. The position of partner, however, is a new one for the firm which historically has given its most senior investment professionals the managing director moniker.
Madrona is currently investing out of a $250 million Fund IV, which was raised in 2008.
Jacobson sits on the boards of Jambool, TeachStreet and Yieldex, all of which have connections to Amazon.
Porter, meanwhile, is a board member at SchemaLogic, PetraVM and Zero260. He is also a member of three-person Investment Committee for the Alliance of Angels Seed Fund, a Madrona investment.
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