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23-544: In April 2011, KPCB invested $ 20 million in Xiu.com. In August 2011, xiu.com raised $ 100 million in joint funding from US private equity fund Warburg Pincus and venture capitalist KPCB . This was the largest B round money raised in the Chinese e-commerce industry and secured Xiu.com the top position in China's e-commerce fashion industry. This Chinese corporation or company article

46-400: A letter to then co-presidents Zoe Cruz and Steve Crawford that expressed their concerns about the damage to the culture of the firm. The letter served as an important catalyst in increasing the focus of the board of directors on the depth of challenges facing Morgan Stanley at the time. In June 2005, John J. Mack was named CEO of Morgan Stanley, replacing Phil Purcell . A copy of the letter

69-554: A million jumping-off points." Meeker is often credited for her comprehensive, rapid fire, annual Internet industry overviews at the Web 2.0 conferences in San Francisco each autumn. During Morgan Stanley's tumultuous period in April 2005 when CEO Phil Purcell 's management decisions were being intensely scrutinized, Meeker, along with colleagues Steve Roach , Byron Wien, and Henry McVey, wrote

92-747: Is a stub . You can help Misplaced Pages by expanding it . Kleiner Perkins Caufield %26 Byers Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers ( KPCB ), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneurs in over 900 ventures, including America Online , Amazon.com , Tandem Computers , Compaq , Electronic Arts , JD.com , Square , Genentech , Google , Netscape , Sun Microsystems , Nest , Palo Alto Networks , Synack , Snap , AppDynamics , and Twitter . By 2019 it had raised around $ 9 billion in 19 venture capital funds and four growth funds. Kleiner Perkins

115-466: Is an American venture capitalist and former Wall Street securities analyst . Her primary work is on Internet and new technologies. She is the founder and general partner at BOND, a San Francisco –based venture capital firm. She previously served as partner at Kleiner Perkins . Meeker has been called the "Queen of the Internet". In 2021, she was listed at No. 84 on the most powerful woman in

138-477: Is focused on early stage investments in the "consumer, enterprise, hard tech and fintech" sectors. The firm raised US $ 600 million for its 18th fund, KP XVIII, in January 2019. In March 2008 Kleiner Perkins announced the iFund , a $ 100 million venture capital investment initiative that funds concepts related to the iPhone, and doubled that investment a year later. It was reported in April 2008 that Kleiner Perkins

161-524: Is headquartered in Menlo Park in Silicon Valley , with offices in San Francisco and Shanghai , China. The New York Times described Kleiner Perkins as "perhaps Silicon Valley 's most famous venture firm". The Wall Street Journal called 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 firm

184-620: Is included in Patricia Beard's book Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley published by HarperCollins, 2007. Meeker was named "one of the ten smartest people in tech" by Fortune magazine in 2010. In December 2010 Meeker left her position as a managing director at Morgan Stanley and head of the bank's global technology research team to become a partner at the venture capital firm of Kleiner Perkins , where she has participated in over 20 different deals. Meeker serves on

207-486: The Santa Clara Valley as well as early computer firms using their devices and programming and service companies. Venture capital firms suffered a temporary downturn in 1974, when the stock market crashed and investors were naturally wary of this new kind of investment fund. Nevertheless, the firm was still active in this period. By 1996, Kleiner Perkins had funded around 260 companies a total of $ 880 million. Beyond

230-451: The dot com boom . It was shared widely on the web and was also published as a book. Over the years, Morgan Stanley published similar landmark reports led by Meeker on online advertising , e-commerce , evolution of search , the Internet in China , and the mobile Internet . Meeker was vilified in the press as one of a number of star analysts who were questioned in fraud investigations after

253-674: The dotcom bubble burst in 2000 to 2002. Meeker was not charged with any wrongdoing. Morgan Stanley and nine other investment firms were compelled to participate in a global legal settlement . In August 2004, Morgan Stanley, with Meeker as research analyst, served as lead manager for Google 's IPO. Meeker was characterized by Andrew Serwer in Fortune magazine in 2006 as "absolutely first rate when it comes to spotting big-picture trends before they come into focus. She gathers massive amounts of data and assembles it into voluminous reports that, while sometimes rambling and overambitious, are stuffed with

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276-579: The boards of electronic signature provider DocuSign , mobile payments company Square, Inc. , and Peer-to-peer lending company Lending Club . In February 2011, Meeker created and compiled 'USA Inc.,' a non-partisan report that looked at the U.S. government (and its financials) from a business perspective. Successful stocks Meeker championed early on included Dell , Microsoft , Intuit , Netscape , AOL , Amazon.com , Yahoo! , eBay and Google . Failed picks included AOL after its takeover of Time Warner , Excite@Home , and drugstore.com . Meeker

299-446: The firm has vigorously denied. On 27 March 2015, after a month-long trial, the jury found against Pao on all claims. In June 2015, Pao filed an appeal. In September 2015, Pao announced she would no longer appeal the jury verdict. In September 2018, Kleiner Perkins announced it was spinning out its digital growth team into a new independent firm. The firm announced its 19th fund on 31 January 2019 after raising $ 600 million. The fund

322-456: The golf team at Jay County High School ; she credits her "intense and competitive" father for her type-A personality . Meeker received a B.A. in psychology from DePauw University in 1981 and an MBA in finance from Cornell University in 1986. In May 2000, she received an Honorary Doctor of Letters degree from DePauw. In 1982, Meeker joined Merrill Lynch as a stockbroker . After graduate school , she began as an analyst covering

345-822: The original founders, notable members of the firm 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 firm in 2010, and that year Kleiner Perkins expanded its practice to invest in growth stage companies. Meeker departed in 2019 to found Bond Capital. Mamoon Hamid from Social Capital and Ilya Fushman from Index Partners joined in 2017 and 2018 respectively, both as investing partners. The New York Times has described Kleiner Perkins as "perhaps Silicon Valley 's most famous venture firm". The firm

368-463: The technology sector at Salomon Brothers in 1986. She worked for Cowen from 1990 to 1991 before moving to Morgan Stanley to specialize in covering the personal computer and consumer software industries. In August 1995, Morgan Stanley served as lead manager for Netscape 's IPO . In February 1996, Meeker and Chris DePuy at Morgan Stanley published "The Internet Report", a landmark industry report which became known as "the bible" for investors in

391-581: The world. A "perennial leading VC on the Midas List ," she appeared at No. 21 in 2021. In 2022, she was No. 2 on the female investors list. In 2023, Meeker ranked 85th in Forbes list of " World's 100 most powerful women ". Born in Portland, Indiana , to parents Gordon and Mary, Meeker also has a brother, Dick, who is 21 years her elder. Her father Gordon was a " golf nut", which led to Meeker becoming captain of

414-417: Was an early Hewlett-Packard executive. Byers joined in 1977. It was the very first venture capital firm to open an office on Sand Hill Road and is credited with creating the cluster of venture capital firms in that area. Located in Menlo Park, California , Kleiner Perkins had access to the growing technology industries in the area. By the early 1970s, there were many semiconductor companies based in

437-473: Was described by Dealbook in 2009 as "one of Silicon Valley's top venture capital providers", and The Wall Street Journal in 2010 called it one of the "largest and most established" venture capital firms. By 2019 it had raised around $ 9 billion in 19 venture capital funds and four growth funds. In May 2012, Ellen Pao , an employee, sued the firm for gender discrimination in Pao v. Kleiner Perkins , which

460-438: Was formed in 1972 as Kleiner Perkins. When Caufield and Byers became partners as well, the name was changed to Kleiner, Perkins, Caufield & Byers (KPCB) in Menlo Park, California , with a focus on seed, early-stage, and growth companies. The firm is named after its four founding partners: Eugene Kleiner , Tom Perkins , Frank J. Caufield , and Brook Byers . Kleiner was a founder of Fairchild Semiconductor , and Perkins

483-570: Was one of the witnesses in the Ellen Pao gender discrimination lawsuit . In September 2018, Meeker left Kleiner to start her own venture capital firm, Bond Capital (stylized BOND), which is headquartered in San Francisco . She raised $ 1.2 billion for her debut fund. In May 2019, BOND announced its first investment out of the fund, a $ 70 million round in online portfolio platform Canva . In March 2021, BOND closed its second fund with $ 2 billion in capital commitments. Meeker's Internet Trends Report

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506-1288: Was raising funds for a $ 500 million growth-stage clean-technology fund. In October 2010, the firm launched a $ 250 million fund called sFund to focus on social startups, with co-investors such as Facebook , Zynga and Amazon.com . In early 2016, the firm raised $ 1.4 billion in KP XVII and DGF III. The firm has been an early investor in more than 900 technology and life sciences firms since its founding, including Amazon.com , America Online , Applied Intuition , Beyond Meat , Citrix , Compaq , Electronic Arts , Genentech , Google , Glean , Intuit , Lotus Development , Netscape , Shazam , Shyp , Nest , Sun Microsystems , and Twitter . Some current investments include DJI , Handshake, Coursera , Shape Security, Farmers Business Network , Interos, IronNet Cybersecurity, Desktop Metal , Gusto , Plaid , Rippling , Robinhood , Slack , UiPath , Netlify , Loom , Viz.ai, and Looker . Very recent investments include Modern Health, Pillar, Future, TogetherAI and STORD. Kleiner Perkins paid $ 5 million in 1994 for around 25% of Netscape and profited from Netscape's IPO . Its investment of $ 8 million in Cerent

529-797: Was worth around $ 2 billion when the optical equipment maker was sold to Cisco Systems for $ 6.9 billion in August 1999. In 1999, Kleiner Perkins paid $ 12 million for a stake in Google . As of 2019, the market cap of Google's parent company was estimated at around $ 831 billion. As initial investors in Amazon.com Kleiner Perkins scored returns in excess of $ 1 billion on an $ 8 million investment. The firm currently has five partners managing investments: 37°25′18″N 122°12′41″W  /  37.421731°N 122.211275°W  / 37.421731; -122.211275 Mary Meeker Mary Meeker (born September 1959)

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