Alphabet venture arm CapitalG names Laela Sturdy new head of firm, David Lawee steps aside

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Alphabet venture arm names Laela Sturdy new head of firm, David Lawee steps aside

Among Sturdy's investments are 10 companies that have held a valued at more than $1 billion at some point in the last two years, including at least one of the most hotly anticipated public offerings of 2021, automation software companyThe CapitalG change also comes at a challenging time for venture funding and initial public offerings.

Sturdy joined Google in 2007 in a strategy and marketing role, later moving into a sales role. Google had just bought YouTube and wondered how it would sell multiple products and evolve beyond a Search company. Then in 2010, Sturdy began leading Google's emerging businesses, overseeing the growth of new ads and commerce products like Adwords Express and Google Offers.

"I kind of made it a point to know who all the stars were inside of Google, and Laela's name came up a lot," Lawee told CNBC in 2021. "It came from people I trusted like Claire Johnson, Sheryl Sandberg — some of the most successful women in Silicon Valley over the last decade." "I would say the value Laela has provided has been significantly higher than the money anyone's providedDuolingo CEO Luis Von Ahn told CNBC at the time. "I can grab a drink with her and just be the most honest with her when I'm having an issue or if something's not working."

 

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