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Kleiner Perkins paid $5 million in 1994 for around 25% of Netscape and profited from Netscape's IPO. [18] Its investment of $8 million in Cerent was worth around $2 billion [60] when the optical equipment maker was sold to Cisco Systems [16] for $6.9 billion in August 1999. [61] In 1999, Kleiner Perkins [5] paid $12 million for a stake in ...
Kleiner and Perkins provided $100,000 on the May closing, and acquired 20,000 shares of preferred stock from Genentech. [6] Swanson was made the president and treasurer of Genentech, and received a $2,500 per month salary, along with 25,000 shares. [ 6 ]
Eugene Kleiner (12 May 1923 – 20 November 2003) was an Austrian-American engineer and venture capitalist. He is considered a pioneer of Silicon Valley. [1] He was one of the original founders of Fairchild Semiconductor, part of the Traitorous Eight, and Kleiner Perkins, the Silicon Valley venture capital firm which later became Kleiner Perkins Caufield & Byers.
Meanwhile, the venerable VC firm Kleiner Perkins is an investor in generative AI cloud platform Together AI, which competes with Google Cloud—despite the fact that Kleiner Perkins chair John ...
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The venture capital firm should get nearly $276,000 instead of the $973,000 it sought from former partner Ellen Pao to cover the cost of its defense.
In 1973, with Eugene Kleiner, he founded Kleiner Perkins, one of the first Sand Hill Road venture capital firms. Later, Frank J. Caufield and Brook Byers joined the firm, eventually becoming named partners. Perkins was a director at Applied Materials, Compaq, Corning Glass, Genentech, Hewlett-Packard, and Philips Electronics. [3]
In 1972, the firm now known as Kleiner Perkins was the first venture capital firm to open an office on Sand Hill Road. The stellar performance of Kleiner Perkins's first $8 million fund quickly attracted other similar firms to the Menlo Park area, resulting in "the most important cluster of venture capital firms in the world", an author later ...