What the hell happened to Kleiner Perkins?
How do you know when one of the world’s most respected investment firms has veered off path and bet wrong?
That’s the crux of the question raised by a piece in this month’s Fortune entitled “Kleiner bets the farm” that puts Kleiner Perkins Caufield & Byers under the lens for its recent investment decisions.
The firm’s fortunes have emerged as the subject of discussion in Silicon Valley, now that the firm has largely abandoned the Internet investments… Continue Reading
Kleiner Perkins invests in second oil exploration company, GloriOil
Kleiner Perkins, the Silicon Valley venture capital firm that preaches the need to invest in green technologies and reduce global warming, has invested in a second company that seeks to produce more oil.
The firm has joined an Indian research group, TERI, and private equity investor GTI to invest $10 million in Houston’s GloriOil, a company boasting a new technology that helps oil companies get more oil out of existing wells.
This follow news in March that… Continue Reading