Earlier today at Facebook’s headquarters in Palo Alto, CA, venture capital firm Kleiner Perkins Caufield & Byers unveiled their latest massive fund: the sFund. This $250 million fund has one mission: to find the best startups in the social space out there and fund them. But Kleiner Perkins partner John Doerr has a better way of putting it: “I’m thinking of it like it’s a quarter-billion dollar party.”
Fair enough.
I sat down with Doerr after the announcement and subsequent press conference with partners Facebook, Zynga, and Amazon, to talk a bit about the new fund. Doerr noted that the fund itself bubbled up from an idea he put out there at our own TechCrunch Disrupt conference this past May: the “Third Wave“. That is, Doerr believes that the “First Wave” was in the early 1980s with the microchip and the PC. The “Second Wave” was in the mid-1990s when the web came along. Now it’s time for this Third Wave: social, mobile, the cloud, and commerce all coming together.
To read the full, original article click on this link: John Doerr Talks sFund And iFund But Not fbFund Or aFund
Author: MG Siegler
