clock menu more-arrow no yes

The president of Walmart-owned Jet is becoming a venture capitalist with an early investor in Jet

Liza Landsman will join the venture firm NEA in New York City.

Liza Landsman speaks onstage during the Fortune Most Powerful Women Next Gen conference on November 14, 2017.
Liza Landsman speaks onstage during the Fortune Most Powerful Women Next Gen conference on November 14, 2017.
Joe Scarnici/Getty Images for Fortune

Last month, Recode reported that Liza Landsman was departing her role as president of Walmart-owned Jet.com less than 18 months after the $3 billion acquisition.

We now know where she’s landed. Landsman is becoming an investor at New Enterprise Associates, better known as NEA, the well-respected venture capital firm that backed Jet.com as well as founder Marc Lore’s previous company, Quidsi.

Landsman’s focus will be on “consumer technology and commerce,” the firm said in a press release. She was first hired at Jet nearly three years ago as chief customer officer, and previously was the chief marketing officer at E-trade.

“Liza brings deep experience in retail technology and a phenomenal track record of driving innovation and delivering impactful results for companies, from early-stage startups to industry giants,” said Tony Florence, the head of NEA’s technology investing practice, and a former Jet.com and Quidsi board member.

Landsman’s departure from Jet.com was a bit of a surprise, since she was just elevated to the top role of president in January of 2017. The connection between NEA and Jet now raises the question of whether this was an organized move on all sides. And, if so, why?

I’ve reached out to Landsman and will update this if I get some more clarity. Jet.com has yet to announce how it will fill Landsman’s position.


This article originally appeared on Recode.net.