Business

Ex-Akamai CEO joins venture firm

Paul Sagan has joined General Catalyst Partners.

Paul Sagan has joined General Catalyst Partners.

After stepping down last year as chief executive of Internet giant Akamai Technologies Inc., Paul Sagan has moved on to become a venture capitalist, joining General Catalyst Partners in Cambridge.

Sagan, 54, will be a partner at the firm and also a member of its XIR program, in which experienced executives take a more active role in companies backed by General Catalyst.

Advertisement

“Founders are looking for money but they can find that in a lot of places,” said Sagan. “They are looking for partnerships with people who have been to hell and back, and as a CEO, you have been through hell and back. I can bring that to the table.”

Sagan became president of Akamai in 1999 and later CEO in 2005. During that period, the company’s cofounder Daniel Lewin died in the 9/11 attacks and Akamai struggled through the dot.com collapse.

Under Sagan’s watch, Akamai expanded its global footprint through a string of acquisitions to compete in the increasingly competitive business of Web content delivery.

Sagan’s involvement in the Boston tech economy extends beyond Akamai.

He sits on the boards of EMC Corp. and iRobot Inc., two of the area’s biggest public tech companies. He previously held high-level positions at Time Warner.

Advertisement

General Catalyst itself has also been growing. Earlier this year, Donald Fisher, formerly of Greylock Partners, joined as a partner. In December, General Catalyst closed a $675 million fund. Its portfolio includes such hot startups as Snapchat, Airbnb, and Warby Parker.

Michael B. Farrell

Michael B. Farrell can be reached at michael.farrell@globe.com.
Loading comments...
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.