Posted by Anonymous on 2010-02-19
John Doerr will go down as the greatest venture capitalist that ever lived. He built Kleiner into legendary status, complete with awe and reverence. They were at one point THE apex of excellence among VCs. JD's accomplishments are nothing short of brilliance. Credit goes to Vinod Khosla, too. He was the second half of KP's success.
Kleiner is an entirely different firm today. The caliber of partner they have is simply, in a word - disappointing. Sure, they all have sterling academic credentials (don't most VCs?), but not one of them has done anything to earn the right to bear the KPCB logo on their business cards. It really is a junior varsity over there. Newer partners like Bing Gordon and Ray Lane are seasoned operating executives and they bring value to the table, however they too haven't proved themselves with a big return.
My sense is that Doerr is desperately trying to groom KP's leadership. Problem is, he doesn't appear to be any good at it. Sadly, if Doerr goes for any reason, there is literally nobody there to watch the house.
The shine has rubbed off Kleiner's image, but they still have a chance to maintain that mythical leadership position if they can pull off a whale of a deal. Will that be Bloom? ng como? Fisker? Maybe Silver Spring will come up a winner, but that deal was funded in a much later round, not early stage. I look at their portfolio and I don't see dollar signs, save a few. Maybe.
Silicon Valley today is home to many good investors. Although several will be out of business by next year, there is still an ample stable of VC talent and money. Kleiner = John Doerr. But the chances of getting Doerr involved in your deal is zero. So that means you will be dealing with the JV, and then you have to ask yourself if that's what you want to do. In green tech, they'll take big gambles. But in high tech, no such luck. If you're going to give up 40% anyway, my suggestion is to go to a firm where you'll the get senior leadership directly involved.PRIVATE: Members Only
Posted by Anonymous on 2008-12-02
Ray brings new meaning to the terms "no holds barred" and "all is fair in love and war." This guy will do anything to win, literally anything. Forget about ethics: he'll slander people in the media, steal intellectual property, take meetings under false pretenses, yank term sheets, invest in competing companies, etc. It may be a game to him, but real people get hurt with this type of behavior and industries face setbacks.
If that were not enough, some limited partners have whispered that his investments at KP have returned zero.
To be within this Ray's sphere of influence in business as either a friend or a foe is dangerous. If you get a meeting at KP and Ruthless Ray shows up, I would recommend that you walk out. You don't need the headache, and entrepreneurs should not support destructive behavior in any investor.PRIVATE: Members Only
Posted by Anonymous on 2008-04-05
We pitched our company to Matt. Ultimately it wasn't a fit for a variety of reasons, though we learned some things in the process -- so worth our while. Throughout the process Matt was responsive, respectful, professional and asked good questions. If you are an IT company pitching KP -- he's a good resource.PRIVATE: Members Only
Posted by Anonymous on 2013-05-03
Why do they even publish their emails if they never answer back. I contacted most top firms in N. CA once. I got a response from every one including very prominent VCs. I sent an email to every partner at kpcb and not even one response .PRIVATE: Members Only
Posted by Anonymous on 2009-04-03
read on...PRIVATE: Members Only (735 Characters)
Posted by Anonymous on 2011-03-05
Looks like KP wants to open source ifund business plans, after whatever they could glean for their portfolio companies. Link to techcrunch article here:
Does anybody have access to the SQL file" Please post it to thefunded.com.
We are one of those who sumbitted to KP earlier this year, and our plan had confidential info about customer trials etc. I think KP should be sued, and Matt Murphy should be fired. Think about this, KP, before you abuse an entrepreneur: you could't manage a simple operation. He came across as very arrogant jerk in our brief encounter.PRIVATE: Members Only
Posted by Anonymous on 2008-10-05
"Capitalism to the Rescue" is a great puff piece in the Times about a firm that is no longer impressive. Maybe the original team was different, but the partners at Kleiner today are weak in comparison to most other top firms that we pitched in the valley. The team was not prepared. The questions were off the mark. The meeting drifted. Their market knowledge was mediocre. I can understand being off your game every once and a while, but our Kleiner experience did not measure up to the other "name brand" funds.
Posted by Anonymous on 2008-05-05
...PRIVATE: Members Only (610 Characters)
Posted by Anonymous on 2011-09-14
Very surprised that no one on this forum has commented on the apparently very deep connection with mainland China and this old school, prestigious US venture capital group. No doubt the feds eventually will if they havent already. Its screaming for attention.
Expect a bunch of these deals to blow up like all of the Ch public companies listed in the US and exposed for IP theft/infringement, accounting fraud, etc....., except that instead of public equity investors paying the price, it will be the "professional" limited partners who actually gave them money to invest. They should at least charge the Ch gov a fee as they will greatly benefit be receiving drastically reduced costs to acquire US technology. The people in those mainland offices wouldnt be permitted to survive unless they were serving the interests of Ch. KP could at least list how many communist party officials are on the China office(s) roster and/or payroll. Those "China opportunties" cost money and there is rarely a quid pro quo.
Companies pitching them...take note of the above. KP's historic reputation has little to do with what may happen and what is actually going on now. Its quite disturbing that such a historically important and prestigious US venture capital group has resorted to this.PRIVATE: Members Only (1283 Characters)
Posted by ANON on 2008-06-15
Jr Partners are elephant hunters in a dense jungle with a bazooka with only one bullet. Something in the bushes makes a loud sound, the hunter swings around, aims and almost fires. But it's not an elephant, it's a wild turkey. Whew...
All entrepreneurs want to pitch to John Doerr, but it just ain't going to happen. You'll be delegated to an Ellen Pao or a Trae Vassallo or someone of the same junior status. That's the card you're dealt with, so stop bitching and start sharpening up your plan. These VCs are highly political organizations, complete with rank and hierarchy. They don't advertise it and they might even deny it (note: everyone is a Partner - how egalitarian of them), but it's there and it's thick. If you're a Jr. Partner, you want to bag an elephant. You better be damn honest with yourself about your plan and team. If it's not an elephant, it might as well be a turkey because you can be sure that the Juniors are not going to waste their one bullet on you. That's the only way they get respect, tenure, authority.
I've been the elephant and the turkey with Kleiner. Heed this advice.PRIVATE: Members Only
Posted by private on 2013-04-26
What's left of KPCB is riding on the reputation and coattails of their former partners who have paved the way for the new crop of newbie VCs. John Doerr aside, KPCB partners have become stale and ineffective.PRIVATE: Members Only (184 Characters)
Posted by jagrmeister721 on 2012-05-25
Posting the latest information from the lawsuit against KP over sexual harassment. Gender discrimination is a serious issue in the Valley and while the facts of this case will become more clear in the months ahead, a worthwhile read regarding this fund. Excerpted:
"About six months into her employment with Kleiner Perkins, Pao, then a junior partner, went on a business trip to Germany with another then-junior partner, Ajit Nazre. During that time, Nazre allegedly made “inappropriate sexual advances” toward Pao, which she allegedly “rebuffed” at the start.
Pao also claims she was not alone in being the victim of unwanted advances at work. According to the suit, “at least three administrative assistants complained that they were being harassed or discriminated against by KPCB partners in May 2007.” Kleiner Perkins allegedly hired an outside investigator to look into those claims.
Ray Lane, a senior Kleiner partner, allegedly asked Pao to let go of her complaints and encouraged her to have a romantic relationship with Nazre after all. The suit reads:
“Ray Lane pressured [Pao] to drop the matter because of Mr. Lane’s close ties with and mentorship of Mr. Nazre. Though Plaintiff had formally complained about Mr. Nazre’s behavior, Mr. Lane encouraged [Pao] to engage in a personal relationship with Mr. Nazre and even to marry him.”
The rest is at TechCrunch: http://techcrunch.com/2012/05/22/key-...PRIVATE: Members Only
Posted by Anonymous on 2010-10-10
I'd like to get some comments from those that have pitched TIna Ju in Shanghai. Also, has anyone:
1. Found any differences in how KP works in China vs. the US?
2. Does KP China have unilateral decision-making on which opportunities they invest in, or does the final word come from the US?
3. Any pitch tips for KP vs. other VCs?
4. Who is the key dealmaker for KP China?
Posted by Anonymous on 2010-07-08
Has anyone had any experiences with Floyd Kvamme?
Please include your area of business if possible (cleantech, IT, etc)
Posted by anonymous on 2008-04-10
Did anybody apply to KP iFund initiative.
If so how long it took from them to respond or anybody called into pitch. Please share your stories....PRIVATE: Members Only
Posted by Anonymous on 2007-12-16
Reading these posts, it appears as if it depends on which partner sponsors the deal.PRIVATE: Members Only (218 Characters)
Posted by TechChief on 2007-08-23
Let's face it. The real value of KPCB is it is the "Tiffany" brand in venture partnering. You take their money because you will (i) hire better sales and financial people and (ii) have an easier time doing follow on rounds if things go reasonably well and you need more money. Unless they are wildly interested in your sector, or you get Brooke or John on your board, you are not going to get much assistance from them in growing the business. In fact, most times their "ideas" are out of left field and disconnected with reality.PRIVATE: Members Only
Posted by Anonymous on 2007-05-13
If asked to send your slides in without a meeting -- refuse. Make it very clear that the ONLY reason for a meeting is to invest in your deal "as is." Don't do show-n-tells; often KP meets with people with no intention of investing -- it's called market research and their famous for it. That said, they're one of the best firms in the world due in part to their deal flow (i.e., you sending them your stuff). Like Sequoia they are (in reality) VERY CONSERVATIVE, like commercial bank lenders. Once your deal is close to being a "sure thing" post-Beta, get a meeting with a senior partner.PRIVATE: Members Only (68 Characters)
Posted by Anonymous on 2007-03-21
They have been one of the best for a long time. I hope they don't rest on their laurels and can cotinue to inspire entrepreneurs to build great products and companies.PRIVATE: Members Only (331 Characters)