Blue-chip venture-capital firm Kleiner Perkins Caufield & Byers expressed frustration with poor fund performance and promised to do better at gatherings for investors last month, according to people familiar with the discussions.
The firm, which has lost some of its shine recently due in part to hefty bets on green energy technology and a lack of home-run Internet investments, said it would be more careful with capital and redouble its efforts to boost performance. Several investors who received invitations to the meetings said it was unusual for Kleiner Perkins to hold such gatherings when it was not raising new funds.
To read the original article: Venture capital kingpin Kleiner Perkins acknowledges weak results | Reuters
