179 Views

BetterWorks snaps up $15.1 mln Series A

BetterWorks has received $15.5 million Series A funding. John Doerr and Bing Gordon of Kleiner Perkins Caufield & Byers led the round with participation from other investors that included Joe Lonsdale from Formation 8. In conjunction with the funding, Doerr, Gordon and Lonsdale have been added to the company’s board of directors. Headquartered in Palo Alto, Calif., Betterworks is an enterprise goals platform.

228 Views

Lehigh Technologies nabs $8 mln

Lehigh Technologies said Wednesday that it has raised $8 million in funding. The investors included JSR Corp, Leaf Clean Energy, Kleiner, Perkins, Caufield and Byers, Index Ventures and Florida Gulfshore Capital. Based in Atlanta, Lehigh Technologies is a maker of green materials.

126 Views

Fashion marketplace Tradesy nets $13 mln Series B

Tradesy has secured $13 million in Series B funding. Kleiner Perkins Caufield & Byers led the round with participation from Sir Richard Branson, Rincon Venture Partners, Bee Partners, Northgate Capital and other unnamed investors. In conjunction with the funding, KPCB’s John Doerr and Stephanie Tilenius have been added to Tradesy’s board of directors. Headquartered in Santa Monica, Calif., Tradesy is a peer-to-peer marketplace for fashion.

179 Views

KPCB leads Series A round for Mango Health

Mango Health said Wednesday that it has raised $5.25 million in Series A funding. Kleiner Perkins Caufield & Byers led the round. In conjunction with the funding, Dr. Beth Seidenberg, a general partner at KPCB, has been added to Mango Health’s board of directors. Based in San Francisco, Mango Health develops apps that help users better manage and improve their health.

201 Views

ChargePoint nabs $22.6 mln

ChargePoint has received $22.6 million in funding. Investors in this round included Rho Ventures, Kleiner Perkins Caufield & Byers, Braemar Energy Ventures, Siemens Venture Capital GmbH, Voyager Capital and BMW. Headquartered in Campbell, Calif., ChargePoint is an open electric vehicle charging network.

Chinese online food service Meican.com rakes in $10 mln Series B funds

Meican.com has closed $10 million in Series B funding. Nokia Growth Partners led the round with participation from previous backer Kleiner Perkins Caufield & Byers. In addition to the funding, David Tang, director, general manager and partner of NGP, will join Meican.com’s board of directors. Based in China, Meican.com is an online food ordering service.

Primus gets $20 mln in first close of Series C

Primus Power said it received $20 million in the first close of a Series C funding that includes strategic investor Anglo American Platinum of South Africa. The Hayward, Calif., company has now raised $35 million in funding since mid 2009 and has been awarded $20 million in government grants from agencies including the Department of Energy. The company said existing investors participated in the new round without naming them. Existing investors include Kleiner Perkins Caufield & Byers, Chrysalix Energy Venture Capital, DBL Investors and 12BF Global Ventures, according to data from Thomson Reuters, publisher of peHUB. Primus expects to begin commercial shipment of its zinc-based flow battery this year to utility and other customers.

Kleiner Perkins, Jafco invest in big data startup Zephyr Health

Zephyr Health announced it has raised a $15 million Series B funding round that was co-led by Kleiner Perkins Caufield & Byers and Jafco Ventures. The San Francisco-based company, which provides companies in the life sciences industry a big data analytics platform, previously raised $1 million in funding from a private individual investor. As part of the recent round, Brook Byers, general partner at Kleiner Perkins, and Joe Horowitz, managing general partner at Jafco, have joined the board.

Slideshow: Bring on the 2012 IPO Candidates

The market for venture-backed IPOs has been pretty dead so far this year. But based on new filing activity, it looks like there’s some optimism things will improve. At least six venture-backed companies have filed to go public since the start of the year, in sectors ranging from enterprise software to semiconductors to car rentals. […]

Distributions from Kleiner and Sequoia Have Noticeably Slowed Since 2003: peHUB Analysis

The University of California has seen cash distributions from Sequoia Capital and Kleiner Perkins Caufield & Byers decline over the past eight years, as dot-com era investments apparently haven’t been able to match the spectacular returns from earlier funds, according to peHUB’s analysis of data provided by the university system. PeHUB sought performance data for […]

Week’s Top 10 Posts Focus on Self-Loathing VCs, UC’s IRRs and Odd Gifts to CalPERS’ Staffers

Time to catch up on the stories your colleagues found most compelling on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Sept. 12 to this morning, Sept. 16.

ONE Sequoia’s Doug Leone to Mike Arrington: Why You Want to Be a VC is Beyond Meby Connie Loizos
TWO Top 10 IRRs from University of California’s Mid-Decade Venture Binge (Slideshow)by Mark Boslet
THREE Slideshow: Dealt a Bad Hand?by Jonathan Marino
FOUR Vinod Khosla: ‘I Don’t Much Like the Venture Profession’by Connie Loizos
FIVE VC Icon Tom Perkins Takes Swipe at Kleiner Perkins’ Big Bets on Cleantechby Sarah McBride, Reuters
SIX Slideshow: Venture Capital’s Biggest Flopsby Joanna Glasner
SEVEN AOL Makes It Official: Arrington Is Out (slideshow)by Lawrence Aragon
EIGHT Slideshow: 16 Alleged CalPERS Gift-Violators Face Finesby Gregory Roth
NINE Study: Need a Fast Flip? Don’t Change the Management Teamby Connie Loizos
TEN Thiel and Levchin Offer ‘Blueprint’ for Solving Innovation Crisisby Joanna Glasner

VC Icon Tom Perkins Takes Swipe at Kleiner Perkins’ Big Bets on Cleantech

(Reuters) – Tom Perkins, co-founder of Kleiner Perkins Caufield & Byers and the backer of companies ranging from Genentech to Google, believes much of the venture capital industry has set itself up for failure.

“Mathematically, there’s no way that all venture capital in America will make 10 to 1,” or $10 for every dollar invested — a fairly typical return in past years — Perkins told Reuters.

There is too much money chasing too few companies, he said, and the increasingly large sums invested mean failures will hurt more. Firms hit by outsized failures will find it hard to …

RedBrick Health Appoints Daniel Ryan as CEO

RedBrick Health, a five-year-old, 100-person, Minneapolis-based health and wellness services company, has hired Daniel Ryan as CEO. Ryan was most recently president and CEO at Secure Computing, an enterprise software company. Secure Computing was acquired by McAfee, where Ryan served as an executive VP and general manager in its network security business. RedBrick has raised more […]

3 Comments

Question of the Week: Do Celebrity Hires Produce Real ROI?

Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool.

When we heard Larry Summers was jumping into the VC game, we just assumed Kleiner Perkins was adding another celebrity to its roster. But it turned out that newbie venture firm Andreessen Horowitz brought on the former U.S. Treasury Secretary as a “part-time special advisor.”

We’re still trying to figure out what a part-time special advisor does, but the more pressing question we have is whether big shots like Summers do anything for a venture firm other than get it mentioned in the press.

Before we start calling these firms to ask our annoying questions, we’d like to know what you, dear reader, have to say.

For example, do you think that U2 lead singer Bono has added value to Elevation Partners, the technology-focused PE firm he co-founded in 2005? It’s not clear to us what Elevation has gotten out of the relationship – besides the fact that Elevation co-founder Roger McNamee’s band, Moonalice, got to open for U2 in Oakland, Calif., earlier this month.

We’re also curious about how Kleiner Perkins has benefitted from its alliances with

PEHUB Community

Join the 12506 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget