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Dalgaard, former SuccessFactors chief, joins Andreessen Horowitz

Just days after SAP announced a cloud reorg, SuccessFactors CEO Lars Dalgaard landed at one of Silicon Valley's leading enterprise VCs.
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Written by Larry Dignan on

Venture capital firm Andreessen Horowitz said it has added former SuccessFactors CEO Lars Dalgaard as a general partner.

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Dalgaard landed at Andreessen Horowitz just days after SAP reorganized to focus on cloud and HANA and said that the SuccessFactors chief would be leaving. Last Friday, SAP said that Dalgaard would become an investor June 1 and remain as an advisor to the company's cloud strategy.

SAP's cloud go-to-market strategy will be consolidated under Bob Calderoni, CEO of Ariba, which was recently acquired by the German software giant.

In a blog post, Ben Horowitz said Dalgaard will bring international experience and be able to give portfolio companies strategy advice as a founding CEO.

Dalgaard had been the front man of SAP's cloud strategy, but increasingly eluded the spotlight after the company acquired Ariba. SAP acquired SuccessFactors for $3.4 billion to jump into the cloud business. 

In addition to building SuccessFactors and selling it to SAP, Dalgaard worked at Unilever and Novartis. 

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