Kleiner Perkins related stories
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VC Icon Tom Perkins Takes Swipe at Kleiner Perkins' Big Bets on Cleantech(Reuters) - Tom Perkins, co-founder of Kleiner Perkins Caufield & Byers and the backer of companies ranging from Genentech to Google, believes much of the venture capital industry has set itself up for failure. "Mathematically, there's no way that all venture capital in America will make 10 to 1," or $10 for every dollar invested -- a fairly typical return in past years -- Perkins told Reuters. There is too much money chasing too few companies, he said, and the increasingly large sums invested mean failures will hurt more. Firms hit by outsized failures will find it hard to ...
- Teladoc Snaps Up $18.6M
KPCB led a $18.6 million funding in Teladoc, the Dallas-based telehealth provider, joining existing investors Cardinal Partners, HLM Venture Partners, Trident Capital and New Capital Partners. Dana Mead from KPCB worked on the transaction for the VC.
- With Google's Buy of Zagat, Kleiner Perkins and GA Cash Out After a Decade--UPDATED
What a difference three years make. Today, Google announced it has acquired Zagat Survey. http://googleblog.blogspot.com/ While financial terms weren't disclosed, this would be a major win for Tim and Nina Zagat, who started the company in 1979 as a list of New York restaurant reviews compiled by friends. The sale is the second time the founders have tried to offload the company. In 2008, the "Burgundy Bible" went up for sale and was seeking bids of 20X EBITDA or $200 million. Goldman Sachs was the advisor for the 2008 process. Zagat, in 2008, was producing around $5 million in cash flow. Several PE firms looked at Zagat but balked at the high price tag, I'm told.
- AlertEnterprise Adds $19M from KPCB, Opus, Others
AlertEnterprise Inc. has raised $19 million in fresh capital from Kleiner Perkins Caufield & Byers, Opus Capital and Startup Farms Investors. The company, based in Fremont, Calif., makes security products designed to prevent theft, fraud and acts of terrorism against technology infrastructure. Kleiner managing partner Ray Lane is joining the company’s board as a result of the round.
- KPCB, Foundation, Advanced Tech Ventures all Chip in on Aquion Energy Investment
Foundation Capital led as $30 million round of financing for Aquion Energy, a maker of batteries and energy storage systems. Aquion Energy is based in Pittsburgh. Other investors chipped in for the round as well; KPCB returned to back Aquion, and Advanced Technology Ventures and TriplePoint Capital, each new backers, invested as well. Aquion counts the US Department of Energy among its existing shareholders.
- NeuroPace to Bag Big Bucks—Again
NeuroPace, the Mountain View, Calif.-based maker of implantable devices for the treatment of neurological disorders, is about to close a big round, with some boldface-name VCs providing backing—as well as one big strategic, too. Looks like VCs are bullish on the company’s treatment for epilepsy http://www.NeuroPace.com/trials/overview.html which entered pre-market testing with the FDA late last year. According to a filing submitted yesterday to the S.E.C. http://sec.gov/Archives/edgar/data/1528287/000152828711000001/xslFormDX01/primary_doc.xml NeuroPace is about $50 million through a $62 million fundraising. The filing includes one big name, from a strategic investor’s VC shop....
- Kenandy Strikes $10.5M Series A
The incredible growing A round just keeps on getting bigger. Kenandy, the supply chain management firm, accepted a $10.5 million Series A investment led by Kleiner Perkins Caufield & Byers and including Salesforce.com and Wilson Sonsini Goodrich Rosati. Ray Lane, managing partner at KPCB, will also join Kenandy’s board of directors.