Behind Square Peg's recent partner exit
The departure of one of the most well liked figures in Australian startups, James Tynan, from a coveted role at Square Peg surprised many. It ultimately came down to a simple factor.
Last month, something quite rare went down at one of Australia’s “big three” venture capital firms. A general partner exited.
Buried in a footnote in an update to its own investors, Melbourne-based Square Peg Capital quietly announced that partner James Tynan was no longer with the firm.
While Square Peg thanked Tynan for his contribution and wished him "every success in his next chapter", no further explanation was given.
It was, by any measure, a muted farewell for one of the most well liked figures in the Australian ecosystem. The last time a partner of note departed a major Australian venture capital outfit was when Daniel Petre, the co-founder of Airtree Ventures stepped down from the firm in 2021.
