INFRA
INFRA
INFRA
Joe Tucci, the former longtime EMC Corp. chairman and chief executive officer, has no intentions of taking it easy in his golden years.
The 69-year-old veteran tech industry exec has just landed a new role as a special adviser at the venture capital firm 83North Ltd., which was formerly known as Greylock IL. Tucci left EMC last September after more than 15 years at the company, having overseen its $67 billion acquisition by Dell Inc. He currently also holds the roles of co-CEO at GTY Technology Holdings, which describes itself as a “special purpose acquisition company,” and Bridge Growth Partners, a private-equity firm.
Tucci is no stranger to 83North, as the VC firm was one of the chief investors in Israeli storage startup ScaleIO before it was sold to EMC in 2013.
“I am keeping a close eye on areas they invest in globally, many of which are going through massive inflection points of innovation,” Tucci said in a statement. “I am looking forward to sharing my experience and advising their portfolio companies.”
Gil Goren, a general partner at 83North, also knows Tucci well, having spent 14 years at EMC himself. He served as a director of engineering at the company before running EMC Ventures International, which was EMC’s own venture-capital arm. “Scaling companies is a tough task and very few leaders have done it to the extent Joe has achieved at EMC,” Goren said.
Tucci became CEO of EMC way back in 2001 when the company was just a $1 billion business. The executive transformed the company into one of the biggest names in enterprise technology during his tenure, and the company was well on course to gross $20 billion in revenue before its acquisition last year.
83North has some interesting investments in its portfolio at present, including the U.K.-based online food takeaway startup Just Eat Holding Ltd., cloud migration company Velostrata and WDFC UK Ltd. which operates the somewhat controversial “payday loan” company Wonga.
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