MENLO PARK, Calif./PALO ALTO, Calif. – John Boyle, who recently departed Matrix Partners, joined Worldview Technology Partners in March as a general partner who will concentrate on data communications and telecommunications deals.
Mr. Boyle, who had worked at Matrix for two and a half years, was one of several communications-focused partners at the firm, an overlap in skills that in part led to his resignation, Matrix General Partner Andy Verhalen said. Mr. Boyle will essentially have the same responsibilities in his new role, paying particularly close attention to communication companies dealing with the convergence of voice and data.
Both Messrs. Verhalen and Boyle said the departure was amicable; in fact, the two firms expect to co-invest in the future, and Mr. Boyle has already been asked to examine a handful of Matrix portfolio companies as potential Worldview deals.
Mr. Boyle previously spent seven years at 3Com, mostly in corporate development, and was accustomed to working with more mature companies than those in Matrix’s portfolio. Worldview invests in later-stage deals. He also prefers working in a group setting, which is offered by Worldview’s three-member general partner team headquartered in Palo Alto.
Worldview General Partner James Wei said his firm was attracted to Mr. Boyle for his venture capital experience at Matrix, Sutter Hill Ventures and Kleiner Perkins Caufield & Byers, coupled with his business development work at 3Com.
Given that several general partners at Matrix have communications backgrounds, it is uncertain whether the firm would hire a replacement for Mr. Boyle, Mr. Verhalen said.
Matrix, however, was slated to welcome Mark Vershel in March as a general partner focusing on software and e-commerce. He formerly was vice president of engineering at Red Pepper, a Matrix portfolio company that was later acquired by Peoplesoft in 1996. Mr. Vershel became a vice-president at the new parent. He also has acted as a consultant for several venture firms, including for Matrix. Prior to Red Pepper, he was an entrepreneur-in-residence at Institutional Venture Partners, Mr. Verhalen noted.