Big news being announced this afternoon at HubSpot, the digital marketing startup widely regarded to be on the verge of an initial public offering: David Cancel, the Cambridge company's chief product officer, plans to leave in September, along with Elias Torres, an engineering vice president. The duo joined HubSpot in 2011, when HubSpot paid $20 million for their 20-person startup, Performable, in its biggest acquisition to date.
Read MoreDon't panicCRV is California dreamin’, but don’t read too much into it
Left unsaid in the announcement of the new $393 million fund raised by Charles River Ventures — oops, they're now called CRV — is that long-time partner Bruce Sachs is bowing out. Sachs still appears on CRV's website, but he confirmed to me this evening that he won't be involved in putting the new money to work. Sachs joined CRV in 1999 after a career in networking, and he was responsible for initially helping CRV put down stakes in California.
In a post on Medium today, Charles River Ventures's general partner Jon Auerbach announced a new fund for the early-stage investment firm as well as a couple of changes in the way CRV views itself and its future. Read More
Get BetaBoston by Email
Make BetaBoston yours
Add tags to My Beta to follow the news stories, trends, and companies you care about.