Kleiner Perkins Caufield & amp; Byers ( KPCB ) is an American venture capital company headquartered on Sand Hill Road in Menlo Park in Silicon Valley. Specializing in investments in incubation, early stage and corporate growth, since its inception in 1972 the company has supported entrepreneurs in more than 850 businesses, including America Online, Amazon.com, Compaq, Electronic Arts, JD.com, Square, Genentech, Google, Netscape, Sun Microsystems, Nest, Snap, AppDynamics, and Twitter. Kleiner Perkins focuses its global investment in practice including technology and life sciences. The Wall Street Journal and other publications call it one of the largest and most established "venture capital firms" and Dealbook named it "one of Silicon Valley's top venture capital providers." the center of Menlo Park, the company has offices in San Francisco and Shanghai, China.
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Histori
Company Kleiner, Perkins, Caufield & amp; Byers (KPCB) was formed in 1972 at Sand Hill Road in Menlo Park, California, focusing on seeds, early stages, and growth investments. The company is named after four founding partners: Eugene Kleiner, Tom Perkins, Frank J. Caufield, and Brook Byers. Kleiner was the founder of Fairchild Semiconductor, and Perkins was Hewlett-Packard's early executive. Byers joined in 1977.
Located in Menlo Park, California, Kleiner Perkins has access to a growing technology industry in the area. In the early 1970s, there were many semiconductor companies based in Santa Clara Valley as well as early computer companies that used their tools and programs and service companies. Venture capital firms experienced a temporary decline in 1974, when the stock market fell and investors were naturally wary of this new type of investment fund. Nevertheless, the company was still active in this period. In 1996, Kleiner Perkins has awarded $ 880 million in funding to about 260 companies. Beyond the original founders, prominent corporate members have included individuals such as John Doerr, Vinod Khosla and Bill Joy. Colin Powell joined as a "strategic partner" in 2005, while Al Gore joined as a partner in 2007 as part of a collaboration between Kleiner Perkins and Generation Investment Management. Mary Meeker joined the company in 2010, and that year Kleiner Perkins expanded its practice to invest in growth-stage companies.
The New York Times has described Kleiner Perkins as "probably the best-known business firm in Silicon Valley." The company was described by Dealbook in 2009 as "one of the top venture capital providers of Silicon Valley," and The Wall Street Journal in 2010 called it " most of them "establish" venture capital firms.In 2017, they have raised about $ 10 billion in 20 venture capital funds and four growth funds.
In May 2012, Ellen Pao, an employee, sued the company for gender discrimination at Pao v. Kleiner Perkins , which the company denied. On March 27, 2015, after a monthlong trial, the jury found against Pao on all claims. In June 2015, Pao appealed. In September 2015, Pao announced he would no longer appeal the verdict of the jury.
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Investment
In March 2008 Kleiner Perkins announced iFund, a $ 100 million venture capital investment initiative that funded the iPhone-related concept, and doubled that investment a year later. It was reported in April 2008 that Kleiner Perkins raised funds for a clean technology fund growth rate of $ 500 million. In October 2010, the company launched a $ 250 million fund called sFund to focus on social startup, with co-investors like Facebook, Zynga, and Amazon.com. In early 2016, the company raised $ 1.4 billion in KP XVII and DGF III.
The company has been an early investor in more than 850 technology and life sciences companies since its inception, including Amazon.com, America Online, Brio Technology, Compaq, Electronic Arts, Flextronics, Genentech, Geron, Google, Intuit, Lotus Development, LSI Logic, Macromedia, Netscape, Quantum, Segway, Sun Microsystems, Synack, Tandem Computers, Nebula, and The 3DO Company. Some private investments today include Newsela, Align Commerce, AlienVault, Ionic Security, AirBnB, DJI, Armo, Spotify, Handshake, Ring, Clean Power Finance, Coursera, Datameer, Shape Security, SimpliVity, Leanplum, and Uber.
Kleiner Perkins paid $ 5 million in 1994 for about 25% of Netscape and profited from Netscape's IPO. His $ 8 million investment in Cerent was worth about $ 2 billion when optical equipment makers sold to Cisco Systems for $ 6.9 billion in August 1999. In 1999, Kleiner Perkins and Sequoia Capital paid $ 24 million for Google 20% - as of February 2018 Google's market capitalization reached about $ 700 billion. As an early investor on Amazon.com Kleiner Perkins earned a return of more than $ 1 billion on an $ 8 million investment. Recent investments include AppDynamics, ArcSight, Autotrader.com, Medical Foundation, Flexus, Lifelock, JD.com, MyFitnessPal, FireEye (Mandiant), Nest, Snap, Square, Tesoara, and Twitter. Kleiner Perkins is funding Proterra Inc., an automotive company.
Top partners
The company currently has nine general partners managing the company:
- John Doerr (chair)
- Eric Feng
- Ilya Fushman
- Mamoon Hamid
- Wen Hsieh
- Noah Knauf
- Mary Meeker
- Mood Rowghani
- Ted Schlein
- Beth Seidenberg
See also
- List of venture capital firms
References
External links
- Kleiner Perkins Caufield & amp; Byers
Source of the article : Wikipedia
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