Tag Archives: Kleiner Perkins Caufield & Byers
Kleiner Perkins Being Sued By Ellen Pao
Kleiner Perkins Caufield and Byers is one of the most prominent venture capital companies in Silicon Valley. The company is being sued by Ellen Pao, an investment partner at the company. The complaint has been filed on May 10th at the San Francisco Superior Court. Pao said that she has been sexually harassed by Ajit Nazre, a former KPCB partner that left the company late last year.
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Drawbridge Raises $6.5 Million
Drawbridge is a cross-platform advertising startup that has raised $6.5 million in Series A funding from Kleiner Perkins and Sequoia Capital. Drawbridge was founded and is led by Kamakshi Sivaramakrishnan. The idea behind the company is that ads will be more effective and targeted if they can follow people across multiple devices. Advertisements now need to cater to people when they are on their desktop, mobile device, tablet, gaming console, etc.
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Brook Byers and Ray Lane No Longer General Partners At KPCB
Kleiner Perkins Caufield & Byers (KPCB) is changing their partnership structure according to the prospective limited partners in the company’s early-stage fund. Brook Byers and Ray Lane are no longer listed as general partners on the fund documents, but they will still be actively involved at the company. At the company, Byers is the only partner that has his name associated with the company as he had originally joined in 1977. He had launched the company’s life sciences practices 7 years after joining, which went on to be valued at greater than $8 billion in the public markets. Lane joined KPCB in 2000 after serving as President and COO at Oracle. Some of his most recent transactions at KPCB include Fisker Automotive and GreatPoint Energy. He is also an executive chairman at Hewlett Packard.
SoundCloud Raises $50 Million From Kleiner Perkins and GGV
SoundCloud is one of the most popular music streaming websites. The website has raised $50 million in funding from Kleiner Perkins Caufield & Byers and GGV Capital. This puts the company at a $200 million pre-money valuation. SoundCloud will be using the funding to expand aggressively in the U.S. Kleiner Perkins partner Mary Meeker will be taking a board observer seat at SoundCloud. SoundCloud is based in Berlin and was founded by Alexander Ljung and Eric Wahlforss.
Zynga Expected To Raise Between $850 Million and $1.15 Billion In IPO
Zynga has filed documents with the SEC this morning which indicates that they are planning on raising between $850 million and $1.15 billion in their public offering. This is about $15 million more than their previous estimates.
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Jive Sets IPO Price At Between $8-$10 With Valuation At Over $500 Million
How Much Groupon Executives and Investors Made From The IPO
Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how much the executives and investors made from the IPO. Below is the list:
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Categories Accel Partners, Andreessen Horowitz, Andrew Mason, Battery Ventures, Brad Keywell, Brian Totty, Digital Sky Technologies, Elizabeth Lefkofsky, Eric Lefkofsky, Fidelity Investments, Greylock Partners, Groupon, Groupon.com, Howard Schultz, Kenneth M. Pelletier, Kleiner Perkins, Kleiner Perkins Caufield & Byers, Maverick Fund, Morgan Stanley, New Enterprise Associates, Robert Solomon, T. Rowe Price, Technology Crossover Ventures, Ted Leonsis, The European Founders Fund, The Growth Fund of America
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Zaarly Adds Meg Whitman To Board Of Directors
Zaarly is a mobile marketplace company that has added Hewlett Packard CEO Meg Whitman to their board of directors. Zaarly has also recently raised $14 million in an investment led by Kleiner Perkins. “I just love her,” stated Zaarly co-founder and CEO Bo Fishback in an interview with VentureBeat. “She built the biggest peer-to-peer marketplace on the planet Earth … I just know she’s going to make me a better CEO.”
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iPod Hardware Designer Tony Fadell Now Building A Thermostat
Tony Fadell designed the hardware for the iPod and he was the head of the iPod and iPhone division before he left his VP post to spend more time with his wife and kids. His family spent a year in Paris and then moved back to the U.S. While in Paris, Fadell decided what he wanted to do next: build a new high-tech thermostat.
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Social Navigation Company Waze Raises $30 Million
Waze is a social navigation company that has raised $30 million in funding. Investors in this round include Horizons Ventures Hong Kong (Li Ka-shing’s private venture investments), Kleiner Perkins Caufield & Byers, and the iFund. Waze has raised a total of over $55 million thus far.
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