The Sevin Rosen split is complete, with the firm’s Silicon Valley team now referred to as “partners emeriti” on its website. As I wrote long, long ago – Sevin Rosen might have believed its own claim that the VC model is broken, but its decision to suspend fundraising also had a lot to do with broken structure within the firm itself.
VentureWire is reporting that partner emeritus Nick Sturiale is joining Carlyle Venture Partners. He’s the guy who did Xensource, which was the Valley office’s largest exit in some time. No word yet on the plans of Steve Dow, Steve Dominik or John Oxxal.