Reinventing KP

Reinventing Kleiner Perkins

This week, two widely read pieces have been published about the trials and tribulations of Kleiner Perkins — and how it plans to regain its spot at the top of the venture capital universe. But neither addresses the biggest issue confronting the 41-year-old firm.

Rewind: A Quick Look at Friday’s Posts

* Poll: Most Believe Market Turmoil Is Only ‘Temporary Setback’ For IPO Candidates, by Lawrence Aragon
* peHUB Second Opinion 08.12, by Luisa Beltran
* This Week’s Top 10 HUB Posts Focus on Market Turmoil, Fund Performance and Silicon Valley’s ‘Undertaker’, by Lawrence Aragon
* Slideshow: A Slowdown for Most Active VC Firms in July, by Alastair Goldfisher
* Value of PE-Backed Tech M&A Jumped 60% in Q2, by Luisa Beltran
* Jay Jordan: Re-Install Glass-Steagall, China’s Dangerous Shadow Banking System, S&P’s Credibility and Other Ruminations , by Bernard Vaughan
* VCJ Report: Photo Shopping, by Alastair Goldfisher
* NY Life Capital Raising $1B Fund For Mezz, by Steve Bills
* Life Sciences Venture Investing Represents 7th Best Quarter On Record, But All Is Not Blue Skies, by Mark Boslet
* Market Downturn Is Good if It Makes VCs More Selective About Companies They Take Public, by Lawrence Aragon
* Dealtalk: Crisis May Scuttle $2B+ in Euro M&A Fees, by Victoria Howley and Simon Meads, Reuters
* Schmidt’s Tomorrow Ventures Joins Others in BrightTag Funding , by Jonathan Marino
* Poll Results: John Doerr Is Ready for Reality TV, by Luisa Beltran
* Google, Facebook in Social Gaming Throwdown, by Alexei Oreskovic, Reuters
* Slideshow: Colorado PERA Top-10 Performing Funds Since 1982, by David Toll
* peHUB First Read, by Jonathan Marino

Mike McCue: If Top VCs Court You, Please, Just Take Their Money

Many entrepreneurs privately disparage venture capitalists as egoistic, autocratic, and increasingly unnecessary. Not serial entrepreneur Mike McCue. He believes in VC. Case in point: McCue’s newest startup, Flipboard, a 20-month-old iPad application that transforms social media feeds into an elegant, print-like magazine. Though the Palo Alto-based company has yet to develop a business model — […]

Kleiner Perkins Has Officially Raised $932.3M for its Digital Growth Fund

Kleiner Perkins has raised $932.3 million out of a targeted $1 billion for its KPCB Digital Growth Fund, according to an SEC filing dated March 11.

The fact that the firm had increased the target for the fund from $750 million to $1 billion was first reported by Fortune’s Term Sheet blog on February 16. In fact, Term Sheet reported that KP was raising in excess of a billion dollars.

The regulatory filing shows that the target for the fund is $1 billion and that $67.67 million remains to be raised. The document also shows that KP sold its first stake in the fund on Nov. 17.

Top 10 Hub Posts This Week

Want to catch up on what your colleagues found most interesting on peHUB this week? Here are the posts written by our staff that garnered the most pageviews from March 7 to March 11.

1. Disqus to Facebook: “We Aren’t Shaking In Our Boots” – by Connie Loizos.

2. Is Savvis Finally Up for Sale? Tech Co. Said to Have Hired Qatalyst – by Luisa Beltran.

3. Schwarzman, At $5.9B, Among Richest LBO Pros (Well Ahead Of Kravis) – by Steve Bills.

4. Summit Partners Raising $3B Growth Equity, $450M Venture Funds – by Mark Boslet.

5. Doerr, Moritz Make Forbes’ Billionaire List; Will They Make the Resurrected Midas List, Too? – by Alastair Goldfisher.

6. Israeli Venture Funds Raised Zero Dollars in 2010; The Situation is “Critical” – by Connie Loizos.

7. HCA Doesn’t Look So Bad. Here’s The Top 10 PE-backed IPOs – by Luisa Beltran.

8. It Took Two Years But Wynnchurch’s Third Fund Comes In at $603M – by Luisa Beltran.

9. This Anti-Registration Campaign Might Have Legs – by Bernard Vaughan.

10. Sequoia, Google Ventures Join $32M Round For HubSpot – by Mark Boslet.


A New Sign Of An Internet Bubble Amid Mixed News On Valuations

Another suggestion of an Internet bubble surfaced this week amid mixed signals on the overall portfolio valuations. A survey from Fenwick & West found that company valuations in the Internet/Digital Media business outperformed those in other industry sectors. Overall 52% of 107 companies receiving financing in the third quarter negotiated up rounds. Thirty percent accepted […]

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