Reid Hoffman, the founder and chairman of popular professional networking site LinkedIn, is joining venture firm Greylock Partners as an investing partner. The firm also announced today that it has raised a $575 million fund, its thirteenth.
Both Hoffman and Greylock partner David Sze said Hoffman’s new position at Greylock shouldn’t affect his work at LinkedIn — after all, Jeff Weiner took over as CEO in June, with Hoffman scaling back his role to chairman. Hoffman has also been a prolific angel investor during the last few years (he said he made 85 investments in the last six years), having backed Digg, Facebook, Flickr, Zynga, and others.
Congrats to Reid and Greylock!
Comments