Microsoft Venture Capital Head Resigns

Chris Young Departs Microsoft

Chris Young, who served as Microsoft’s head of business development and oversaw its venture arm, has stepped down from his position, according to a company announcement made on Wednesday.

Leadership Role at M12

Young was the leader of Microsoft’s M12 venture fund. He also held the position of a named officer within the organization.

Other named officers at Microsoft include Amy Hood, the Chief Financial Officer; Brad Smith, the company’s top legal counsel and Vice Chair; Judson Althoff, head of sales; and Satya Nadella, the CEO and Chairman.

SEC Filing Details

Due to his status as a named officer, Microsoft was required by law to make public details regarding Young’s compensation, duties, and departure. The company formally announced Young’s resignation through a filing with the Securities and Exchange Commission (SEC) on Wednesday.

Accomplishments Highlighted

Microsoft’s annual proxy report, filed in October, detailed Young’s achievements. These included increased engagement for M12 in areas such as AI and data infrastructure.

He also collaborated with company leaders on emerging technologies, finalized a key strategic partnership, and contributed to the advancement of Microsoft’s sustainability initiatives.

Furthermore, the report noted that Young actively promoted diversity and inclusion within the business development division and throughout the entire company.

Previous Experience and M12 Evolution

Prior to joining Microsoft, Young served as the CEO of McAfee. He began his tenure at Microsoft in 2020, succeeding Peggy Johnson, the founder of M12.

Initially, M12 was established by the Seattle-based technology company to monitor developing technologies and promising startups in Silicon Valley through conventional venture capital investments.

Under Young’s leadership, M12 evolved to function more as an integral part of Microsoft’s broader business development operations.

Departure Details and Transition

The SEC filing did not specify the reasons behind Young’s departure. However, it indicated that he would remain with the company until March to facilitate a smooth transition, albeit no longer in his previous capacity.

Requests for comment from Young have not yet been answered.

Microsoft’s Statement

A Microsoft spokesperson conveyed the company’s gratitude to TechCrunch, stating: “We are deeply grateful for the significant impact Chris had at Microsoft over the past four years.”

The spokesperson continued, “During Chris’ tenure, he led hundreds of strategic partnerships, fostered a culture of innovation, and laid the groundwork for our future growth. We support Chris’ decision to pursue a new endeavor.”