Aileen Lee Nearly Done Raising Her New Fund: Cowboy Capital–UPDATED
Aileen Lee, a partner at Kleiner Perkins since 1999, has raised her own, new seed-stage fund, nearly. Its audacious – and very fun – name: Cowboy Capital.
According to an SEC filing, Lee — who will be operating out of Kleiner’s offices and whose fund is affiliated with but separate from Kleiner, according to an April report – has raised $36 million en route to a $40 million fund.
The filing says that 32 investors have contributed to the fund thus far. Lee is listed as Cowboy Capital’s managing director. No other members of the fund are listed. We’ve reached out to Lee and hope to update this post with more information shortly.
According to Lee’s bio at Kleiner Perkins’ website, where she remains listed as a partner:
[Lee’s] primary area of focus is working with consumer-oriented digital companies. Aileen currently works with companies including Callaway Digital Arts, Offermatic, One Kings Lane, Plum District, Rent the Runway, Trendyol, Dollar Shave Club, Storenvy and RMG Networks (formerly Danoo), where she served as the founding CEO for two years. She also worked closely with the teams at companies such as Blue Nile (Nasdaq: Nile), Bloom Energy, Friendster (acquired by MOL Global), Good Technology (acquired by MOT), Shopkick, and Tellme (acquired by Microsoft).
Before joining KPCB, Aileen worked at Gap Inc. in various operating roles. She has also worked for Odwalla and for The North Face in brand and product marketing. Aileen began her career at Morgan Stanley in technology mergers and acquisitions.
Aileen has a bachelor of science degree from MIT and an M.B.A. from Harvard Business School. She is also a Henry Crown Fellow of the Aspen Institute.
Notably, Lee, one of Kleiner’s first female partners, has remained mum on the gender discrimination filed against the firm by partner Ellen Pao.
Updated: Via her Twitter account, Lee, who has three kids, pointed out that Cowboy is the name of her son. She also noted that the name is a temporary name of the fund. However, she adds, with a smiley face emoticon, that “I do dig it.”
Photo courtesy of Kleiner Perkins





