[26] Mamoon Hamid from Social Capital and Ilya Fushman from Index Partners joined in 2017 and 2018 respectively, both as investing partners. Nevertheless, the firm was still active in this period. [29] On 27 March 2015, after a month-long trial, the jury found against Pao on all claims. The firm has invested in the early stages of over 900 companies in the technology and life sciences sectors since it was founded. Kleiner Perkins Caufield & Byers is a venture capital firm specializing in investments in incubation, seed stage, early stage, growth capital, expansion capital, and later stage companies. By the early 1970s, there were many semiconductor companies based in the Santa Clara Valley as well as early computer firms using their devices and programming and service companies. Assets under management (in millions, USD): $6,833 Kleiner Perkins Caufield & Byers was founded in 1972 and is one of the largest and most established venture capital firms. [30] In June 2015, Pao filed an appeal. [5], The firm currently has five partners managing investments:[27][64], Coordinates: 37°25′18″N 122°12′41″W / 37.421731°N 122.211275°W / 37.421731; -122.211275, "Capital Markets: Kleiner, Perkins, Caufield & Byers", "Venture Firm Hires Creative Chief at Electronic Arts", "How John Doerr, the old prospector, finally struck Google", "Future Raises $8.5M in Series A Funding Led by Kleiner Perkins to Digitize the Personal Training Experience", "Colin Powell Joins Venture Capital Firm", "One of These Venture Firms Is Not Like The Other", "Gore's Dual Role in Spotlight: Advocate and Investor", "Venture Capital Firm Kleiner Perkins Has Long Nurtured Internet Enterprises", "Exclusive: Big changes coming to Kleiner Perkins", "Gore joins Valley's Kleiner Perkins to push green business", "Generation Investment Management and Kleiner Perkins Caufield & Byers Create International Alliance to Accelerate Global Climate Solutions", "Kleiner Perkins files to raise $1.2 billion in new venture funds", "Mary Meeker Makes First Investment Out of Bond Capital", "Kleiner partner sues firm for discrimination", "Kleiner Perkins 'Vigorously Denies' Ellen Pao's Gender Discrimination Claims", "Jury Backs Kleiner Perkins in Sex-Bias Case", "Ellen Pao appeals order to pay Kleiner Perkins trial costs", "Ellen Pao Won't Appeal Trial Loss in Case Against Kleiner Perkins Caufield & Byers", https://www.axios.com/kleiner-perkins-is-splitting-up-1536933575-dccd3c28-2900-4ba4-ab23-b8e3e3f89a55.html, https://www.nytimes.com/2018/09/14/technology/mary-meeker-kleiner-perkins.html, "The Funded: Kleiner Perkins, TCV raise big new funds", "Why VC Firm Kleiner Perkins Wants to ‘Return to Its Roots’ With a New $600M Fund", https://fortune.com/2019/02/01/kleiner-perkins-early-stage-fund/, "Kleiner Perkins raising green growth fund", "The Kleiner Perkins sFund: A$250 mn bet that social is just getting started", "Kleiner Perkins raising close to $1.3 billion for two funds: Sources", "For crowdsourced security startup, a carrot and a hack", "NASA's former CTO launches Nebula cloud controller", "Kleiner Perkins Makes First Bitcoin Related Deal With Aligh Commerce", "Kleiner Perkins Makes First Bitcon Startup Investment With B2B Payments Provider Align Commerce", "Analytics Company Datameer Raises $6 Million From Redpoint Ventures and Kleiner Perkins", "Plastiq raises $27M at 2X+ value to let you pay for anything on credit", "The electric bus company Proterra is worth up to $840 million after raising new money", "Fortune: Shyp, a mobile shipping app, raises $50 million", "Deals of the day: Shape Security raises $40 million", "Kleiner Perkins Backs Jared Leto Mental Health Startup", "This company wants to help shave $6,200 off your student loans", "Future launches $150/mo exercise app where real coaches nag you", "Stord raises $12.3 million to digitize warehousing and distribution", "Google has lost $70 billion off its market cap after a 'nasty combination' of slowing ad traffic and a drop in sales per click (GOOG)", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Kleiner_Perkins&oldid=980342121, Companies based in Menlo Park, California, Financial services companies established in 1972, Venture capital firms of the United States, Articles with unsourced statements from April 2017, Articles with unsourced statements from May 2017, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 September 2020, at 00:07. Venture capital firms suffered a temporary downturn in 1974, when the stock market crashed and investors were naturally wary of this new kind of investment fund. [27], The New York Times has described Kleiner Perkins as "perhaps Silicon Valley's most famous venture firm". Company profile page for Kleiner Perkins Caufield & Byers LLC including stock price, company news, press releases, executives, board members, and contact information ... Asset Management. Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. [3], Kleiner Perkins is headquartered in Menlo Park in Silicon Valley,[9] with offices in San Francisco[9] and Shanghai, China. Kleiner Perkins had about $9 billion in 19 different venture capital funds and four growth funds as of last year. Change ), You are commenting using your Google account. [18], Located in Menlo Park, California, Kleiner Perkins had access to the growing technology industries in the area. Change ), New York Overtakes Silicon Valley in Digital Healthcare Funding. There's the old guard in Silicon Valley like Kleiner Perkins Caufield Byers and Andreesen Horowitz, and there are upstarts like the $33.5 million fund … [63] As initial investors in Amazon.com Kleiner Perkins scored returns[5] in excess of $1 billion[citation needed] on an $8 million investment. [38] It was reported in April 2008 that Kleiner Perkins was raising funds for a $500 million growth-stage clean-technology fund. [24] Mary Meeker joined the firm in 2010,[19] and that year Kleiner Perkins expanded its practice to invest in growth stage companies. [16][17] Byers joined in 1977. Kleiner Perkins is an American venture capital firm headquartered on Sand Hill Road in Menlo Park in Silicon Valley. Andreessen Horowitz; Marc Andreessen and Ben Horowitz founded Andreesen Horowitz in 2009. [18] Beyond the original founders, notable members of the firm have included individuals such as[19] John Doerr,[20] Vinod Khosla,[21] and Bill Joy. In addition, it is also called known as one of Silicon Valley’s top venture capital providers. Change ), You are commenting using your Twitter account. [37], In March 2008 Kleiner Perkins announced the iFund, a $100 million venture capital investment initiative that funds concepts related to the iPhone, and doubled that investment a year later. Each Early-stage investment (in millions, USD): $1 ~ $10, Industries: Commercial services, computer hardware, healthcare devices and supplies, media, financial services, pharmaceuticals and biotechnology, software, Headquarters: Sand Hill Road, Menlo Park, California, United States, Products: Investments, Private equity funds, Assets under management (in millions, USD): $6,833. In addition, it is also called known as one of Silicon Valley’s top venture capital providers. [16] Kleiner was a founder of Fairchild Semiconductor, and Perkins was an early Hewlett-Packard executive. We'll assume you're ok with this, but you can opt-out if you wish. [15][39] In October 2010, the firm launched a $250 million fund called sFund to focus on social startups, with co-investors such as Facebook, Zynga and Amazon.com. The fund is focused on early stage investments[35] in the "consumer, enterprise, hard tech and fintech" sectors. Kleiner Perkins is an American venture capital firm specializing in investing in early-stage, growth, and incubation companies. Kleiner's terms look like this: The firm will receive a standard 2.5 percent management fee tied to the size of the funds, and a 25 percent carry, or its take of the profits, the sources said. The firm makes seed investments ranging from $0.1 million to $1 million, early-stage investments between $1 million and $10 million, and growth-stage investments between $10 million and $75 million. [11] The Wall Street Journal called it one of the "largest and most established" venture capital firms[12] and Dealbook named it "one of Silicon Valley's top venture capital providers.