Joe Biden’s chief of staff pick has had a long career in venture capital.
President-elect Joseph R. Biden Jr. tapped Ron Klain to be his White House chief of staff. Mr. Klain is a veteran Democratic operative who first worked with Mr. Biden in 1989, when Mr. Biden was a senator from Delaware. He later served as Mr. Biden’s chief of staff when he was vice president, helping oversee the 2009 economic rescue package, and later acting as President Barack Obama’s “Ebola czar.”
Between those stints at the White House, Mr. Klain has worked at Steve Case’s investment fund, Revolution, which has taken stakes in companies like DraftKings and Sweetgreen. “Ron joined Revolution in 2005 when it was just an idea, and helped build it into a significant venture capital firm,” Mr. Case said in an email to the DealBook newsletter. Mr. Case, the former chief executive of AOL, described Mr. Klain, most recently Revolution’s general counsel, as “a great thinker, a great manager and a great communicator.”
He recalled a party held by Mr. Biden in 2010, when Mr. Klain left the White House to return to Revolution:
Vice President Biden and his family and close advisers were there — and frankly they were a little unhappy to lose him, and made sure I knew it. I had to remind them that they had “stolen” him from us in the first place! Obviously, they now have him back!
Both Senator Elizabeth Warren and Pete Buttigieg lauded Mr. Biden’s choice of Mr. Klain, suggesting the former venture capital executive has support from different wings of the Democratic Party.
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