Former Yahoo! executive Ash Patel has started a $10 million micro-venture investment company. The investment company is called Morado Ventures. “Morado” translates to “purple,” which is Yahoo!’s color.

Yahoo! Inc. (NASDAQ:YHOO) exec Ash Patel is leaving the company this week.  He started at the company in April 1996, right before the company went public.  He was most recently the EVP for product architecture and strategy.  He was also the chief product officer and “technical Yahoo.” Patel plans to spend more time with family and advise start-up. [TechCrunch]