Jeff Nolan of SAP Ventures Resigns

Frankfurt -- Jeff Nolan of SAP Ventures, the VC division of German
business-software giant SAP AG, has decided to leave the venture-
capital industry, according to a posting on his weblog. "We did 73
direct equity deals, returned a boatload of cash to the company,
invested in some amazing teams, lost my ass on a few deals, regretted
making a couple of investments, glad I didn't do many deals I saw,
(kicked) myself for not doing others," Nolan said. "In short, it's been a
great ride." An eight-year veteran at SAP, Nolan said he would post on
what his new role will be another day.
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