Matt Murphy plans to resign as partner at Kleiner Perkins Caufield & Byers, The Wall Street Journal reported Monday.
Murphy, who has been with the firm since 1999, told the Journal that he will likely join a “smaller venture capital firm.” He did not say when he will move on. Nor did he indicate the timing of when he would join another firm.
Murphy said he made the decision to step down earlier this year and that he told the firm before the Ellen Pao trial. He testified last month in the trial that he recommended that the firm fire Pao, who lost her gender discrimination lawsuit against Kleiner Perkins.
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