The Investment Fund for Foundations today announced that Douvos has decided to leave, nearly seven years after joining from Princeton to co-lead private equity investments. He established the Pennsylvania-based group’s Silicon Valley office four years later, where he has emphasized commitments to the burgeoning generation of seed-stage and micro-VC funds.
Douvos is known for his red t-shirts, quick wit on conference panels and quirky blog (which seems to be the only LP-penned site around). In an upcoming post, he discusses his job change:
“There’s no drama or backstory to tell. My firm tried to lure me back East; I thought about it, talked to the family, gazed for a while at a nearby grove of redwoods imperial — as a son of Whitman’s Brooklyn, I’m endlessly captivated by the stalwart trees of the West — and politely declined.
I’ve had a blast working for my company; they’re good people pursuing an important mission. It’s been a great seven years, but the allure of California is just too strong; I’ve been mesmerized by this magical place and I don’t think I’ll ever leave.”
No word yet on what’s next for Douvos, although he won’t suffer for options (join a fund-of-funds, launch his own shop, return to his endowment roots?). He is expected to remain with TIFF in an advisory capacity through year-end.