This post was written by CapitalG founder David Lawee when he announced his retirement from Alphabet after 17 years with the company.

I founded CapitalG 10 years ago with the hopes of bringing a bit of Google’s magic to growth-stage investing. We built a strong partnership, hired a great team and have invested over $4B into 55 remarkable companies, such as Airbnb, CrowdStrike, Databricks, Duolingo, Lyft, Freshworks, Stripe, UiPath, and Zscaler. Most importantly, we have developed authentic, collaborative relationships with some of the industry’s most consequential founders and have built a reputation for providing startups with the most hands-on operational value of any growth-stage fund in tech today. It has been an incredibly exciting journey, and I am immensely proud of what we have accomplished.

Today, I am sharing the news that I will be moving on from CapitalG. After over 10 years at CapitalG and 17 years at Alphabet, the time is right for me to explore new areas of personal interest and spend more time with my family.

I am thrilled to share that Laela Sturdy will be succeeding me as Managing Partner of CapitalG. Laela joined CapitalG in 2013 and has led some of our most consequential investments, including Stripe, UiPath, Duolingo, Webflow, Chief, Unqork, and Whatnot. She is known for working closely with founders and for being an invaluable member of their board and inner circle. Laela has not only established herself as a leading investor, board member and trusted advisor to startups; she has also brought the same vision, energy and charisma to CapitalG as she’s helped us build the firm into what it is today. Her leadership has been invaluable to our success to-date and sets the foundation for our future.

CapitalG has never been stronger, and I look forward to seeing how the team builds on our success over the coming decades.