Amazon <a href=”https://www.amazon.com/gp/help/customer/display.html?nodeId=GYSDRGWQ2C2CRYEF”>posted its bi-annual report Thursday detailing the number of government data demands it receives. The numbers themselves are unremarkable, neither...
“KP used to be a small team doing hands-on company building. We’re moving away from being this institution with multiple products and really just focusing on early-stage venture capital,” Kleiner Perkins partner Ilya Fushman tells me. Indeed, 47 years after its founding, the storied venture fund is going “back to the future” with today’s announcement of an 18th fund — a $600 million fund for seed, Series A and Series B financings. It’s investing across consumer, enterprise, hard tech and fintech, looking for high-potential teams to help mold into unicorns.
Kleiner Perkins partner Ilya Fushman
“We went out to market to LPs. We got a lot of interest. We were significantly oversubscribed,” Fushman says of the firm’s raise.
Kleiner Perkins was recently rocked by the departure of legendary investor Mary Meeker. She took Kleiner partners Mood Rowghani, Noah Knauf and Juliet de Baubigny, and they’re reportedly raising a $1.25 billion growth fund called Bond. Fushman explained that with Kle..