Ex-Gaia Online CEO joins VC firm

One of the most interesting moves I’ve heard in a while.


Craig Sherman has agreed to join Meritech Capital Partners as the later-stage VC firm’s fifth partner, Fortune has learned. An official announcement is expected tomorrow.

This was the new partner we referred to last week, in a post about Meritech raising $425 million for its fourth fund.

Sherman most recently spent four years as CEO of Gaia Online, a virtual world for teenagers that is known for its anime-style characters, in-world games and heavily-utilized message boards. He stepped down last August — allowing Facebook (fluff) Friends creator Mike Sego to take the helm — although he remained on the board of directors. He also has made several angel investments, and sits on the boards of startups like Kongregate and SocialShield.

Prior to joining Gaia, Sherman spent just over one year as an entrepreneur-in-residence with Benchmark Capital — which had invested in Gaia. Before that, he was chief operating officer of…

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