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Its Official: Jeff Weiner Leaving Yahoo and Joins As EIR For Accel and Greylock

This story was written by Rafat Ali.

It didn't come from Yahoo (NSDQ: YHOO), of course: Accel Partners and Greylock Partners jointly announced that Jeff Weiner is joining the two VC firms as an EIR, a unusual co-op position for both the firms. His new role becomes effective in early September 2008. He will divide his time equally between the Accel and Greylock Silicon Valley offices.

Weiner will "advise the leadership teams of existing Accel and Greylock consumer technology portfolio companies, and will also work closely with the firm's partners to evaluate new investment opportunities," the companies said. More details in the release.

Weiner was at Yahoo for the last seven years. With him leaving, remains to be see how his direct reports at Yahoo get restructured...we laid out some of the scenarios here.

By Rafat Ali

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