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LinkedIn names Sequoia Capital investor to board

Tue, 01/18/2011 - 7:06am
The Associated Press

MOUNTAIN VIEW, Calif. (AP) — LinkedIn, the social networking site for professionals, said Tuesday that it has appointed venture capitalist Michael Moritz to its board of directors.

Mortiz has spent 25 years as a managing member of the venture capital firm Sequoia Capital, privately held LinkedIn's first outside investor. The firm has also backed heavy-hitters such as Apple, Cisco and YouTube.

Moritz has also served on the boards of other tech companies, including Google Inc., Yahoo Inc., Flextronics International Ltd. and PayPal Inc., which is now owned by eBay Inc.

He replaces Mark Kvamme, also a Sequoia Capital investor, who had sat on LinkedIn's board since 2003. He stepped down after accepting a job as director of the Ohio department of development, where he will focus on driving the state's economic growth. Now that he has begun his new job, he is no longer with Sequoia on a full-time basis.

In addition to Moritz, the LinkedIn board includes CEO Jeff Weiner, A. George "Skip" Battle, Reid Hoffman, Leslie Kilgore, Stan Meresman and David Sze.

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