Bodnick Leaves Elevation Partners

1/31/11Follow @wroush

Marc Bodnick, co-founder and managing partner of Menlo Park, CA-based venture firm Elevation Partners, has left the parnership to take an executive position at Palo Alto, CA-based question-and-answer site Quora, according to numerous reports. Business Insider suggested in a story Friday that Bodnick’s departure was a sign of internal feuding over credit for the firm’s successful investment in Facebook. But a statement from Elevation managing partner Roger McNamee struck a conciliatory tone: “Marc has made the decision to leave Elevation to pursue new opportunities. Over the years, Marc has made many contributions to the firm, and he leaves behind a healthy portfolio from Elevation’s first fund. We wish Marc continued success in the future.”

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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