KPCB is closing seed investing program: Bloomberg News
Kleiner Perkins Caufield & Byers is closing its seed investing program, according to Bloomberg News. The KPCB Edge program marked the Silicon Valley-based venture firm's return to early-stage investing, said the news outlet. In addition to the program's closure, all three partners who ran the fund, Anjney Midha, Roneil Rumburg and Ruby Lee, have left, noted a spokeswoman for KPCB. Although there are no plans to replace the trio, added the spokeswoman, as reported by Bloomberg, KPCB will continue to invest in "promising" early-stage tech startups. In separate news, Mike Abbott, a general partner at KPCB, has announced plans to leave the firm.
1 August 2017•1 min read
