“KP used be a small team doing hands-on company building. We’re moving away from being this institution with multiple products and really just focusing on early stage venture capital” Kleiner Perkins partner Ilya Fushman tells me. 47 years after its founding, the storied venture fund is going “back to the future” with today’s announcement of a 18th fund — a $600 million fund for seed, Series A, and Series B financings. It’s investing across consumer, enterprise, hard tech, and fintech, looking for high-potential teams to help mold into unicorns.
“We went out to market to LPs. We got a lot of interest. We we were significantly oversubscribed” Fushman says of the firm’s raise.
from TechCrunch https://tcrn.ch/2Gecp0b
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