Tuesday, 13 Nov 2018
Category: Kleiner Perkins

Mary Meeker is said to be raising up to $1.25 billion for her new growth fund

Mary Meeker, who revealed in September plans to leave Kleiner Perkins after an eight-year run with the venture firm, is reportedly looking to raise up to $1.25 billion for her debut fund. So says Business Insider, citing multiple sources. We’ve reached out to Meeker for more information. As Meeker told Recode a couple of months […]

Alumni Ventures Group is the most active venture fund you’ve never heard of

Alumni Ventures Group’s (AVG) limited partners aren’t endowment or pension funds. Its typical LP is a heart surgeon in Des Moines, Iowa. The firm has both an unorthodox model of fundraising and dealmaking. Across 25 micro funds, AVG is raising and investing upwards of $200 million per year for and in tech startups. Tucked away in Boston, […]

Car-sharing network Turo expands service in UK

Turo — the peer-to-peer car-sharing marketplace sometimes referred to as the ‘Airbnb of cars’ — is expanding to the UK. And this time, everyday car owners can actually use it. The San Francisco-based company expanded to the UK once before in 2016. But at the time, the Turo platform was only offered to small rental […]

This is how much VCs are paid

Venture capital is known for being an opaque industry, so it’s no surprise most of us have no idea what the average VC earns in a year. I got a closer look at the survey results of J. Thelander Consulting‘s annual venture firm compensation survey and, unsurprisingly, VCs make a lot of money. Just how much? Well, […]

Mary Meeker, author of the Internet Trends Report, is leaving Kleiner Perkins

Mary Meeker is leaving Kleiner Perkins to build a new fund and she’s taking the firm’s growth team with her. The news, first reported by Recode and confirmed to TechCrunch, is the latest high-level departure at one of the most prominent Silicon Valley venture capital firms. Joining Meeker in her new fund are Kleiner Perkins […]

Ellen Pao memoir adaptation among 7 new Shonda Rhimes projects for Netflix

When Shonda Rhimes left ABC last August for Netflix, both she and the studio kept a tight lid on their plans. We could only imagine where the twists and turns that her future stories would take us. Well, now we know. This week, Rhimes’s production company Shondaland and Netflix announced seven projects that she will make […]

While tech waffles on going public, biotech IPOs boom

For people who make investment decisions based on revenues and projected earnings, biotech IPOs are kind of a non-starter. Not only are new market entrants universally unprofitable, most have zero revenue. Going public is mostly a means to raise money for clinical trials, with red ink expected for years to come. That pattern may be […]