28 posts and columns on Ash Patel
News Bytedownload in Apple’s App Store. Investors in the round include Jerry Yang at AME Cloud Ventures (formerly of Yahoo, of course), John Lilly at Greylock Partners, Maynard Webb from Webb Investment Network, Ash Patel at Morado Ventures, Sam Pullara (formerly of Twitter) and others.
Exclusive: Ex-Yahoos–Plus Chief Yahoo Jerry Yang–in New Morado Ventures Fund (That's Spanish for Purple, Natch)A new $10 million micro-venture fund, led by former Yahoo top engineering exec Ash Patel–called Morado Ventures and funded by a group largely made up of ex-Yahoos–is about to launch, according to sources close to the situation. Expected limited partners in Morado, which means “purple” in Spanish, include former Yahoo CEO Terry Semel, former COO Dan Rosensweig and former sales head Greg Coleman. Ex-Yahoo President Sue Decker is also considering investing, said sources. Also on deck: Yahoo’s two founders Jerry Yang and David Filo, both of whom are still at the company.
As BoomTown reported earlier today, Yahoo is searching for a new CTO and chief product officer. Its current exec in charge, Ari Balogh, confirmed in an interview this afternoon that he is leaving the company due to family issues. The leading candidate for Balogh’s job at Yahoo, said several sources, is former Microsoft exec Blake Irving.
Longtime Yahoo tech leader Ash Patel is taking some time off until early 2010. Yahoo confirmed the break to BoomTown. In recent days, some inside the company had mistakenly thought the 44-year-old EVP for Product Architecture & Strategy was departing the company for good. Actually, it’s more of a sabbatical for Patel.
There’s no question Yahoo owes longtime veteran exec Ash Patel a lot, as it has grown into a global Internet behemoth. Since getting to the company in 1996–which essentially means he was present at the creation–Patel has pretty much been involved in all of Yahoo’s well-known consumer products. But, because of his impact and longevity, Patel has also become a symbol for many inside Yahoo right now, who mention him most often in the should-he-stay-or-should-he-go-now debates about who should lead the company into the future.