Eric Young was a co-founder of Canaan Partners and has served as a General Partner since its inception. At Canaan, Young has concentrated on opportunities in communications systems and enterprise automation, having led its investments in Argon Networks, Copper Mountain Networks, Diffusion Software, Frame Technology, INS, Kalpana, ONI Systems, Spectrian and Visigenic Software.
Prior to Canaan, he was a Senior Vice President of GE Venture Capital. During his five years there, he was responsible for several successful investments in companies such as Nellcor and Octel Communications. Young joined GE in 1979, holding successive managerial positions in sales, marketing and manufacturing within two GE industrial product businesses before joining GE Venture Capital.
Eric Young is a graduate of Cornell University with a BS in mechanical engineering and received his MBA in finance from Northwestern University.
So the concept makes sense and it works in practice when the founder is sufficiently enlightened or flexible in their thinking and beliefs about the purpose for the company separate and apart from their child. The vision was originally theirs by definition. If they were the founder, they were the ...(Full transcript available to logged in subscribers.).
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