Aileen Lee is a partner at Kleiner Perkins. Lee is starting a new fund that would focus on seed-stage. The fund will be separate from Kleiner Perkins, but the larger venture capital firm will be the anchored investor.
Lee is close to raising $40 million for the fund, which will be called Cowboy Ventures. About 32 investors have contributed to the fund thus far according to an SEC filing. The Cowboy Capital Fund I, LLC has closed on $36-$40 million. Lee will be working full-time at Cowboy Ventures and she will continue to hold the title of KPCB partner.
She will work with her portfolio companies there like Dollar Shave Club, One King’s Lane, and Rent The Runway. Lee son is named Cowboy, hence the name.