27 November 2013

Ted Schlein, venture capital firm Kleiner Perkins

Kleiner Perkins: Can Ted Schlein lead venture capital firm back to glory? - SiliconValley.com: " . . . . In a valley where top venture capitalists are treated as rock stars, Schlein -- small, balding and bespectacled -- is far from a household name. But for the past seven years, he has quietly helped Doerr run Kleiner Perkins Caufield & Byers. . . . Schlein -- who seldom grants interviews -- told this newspaper he's well aware of the whispers that Kleiner Perkins has lost its mojo . . . "People in the industry will say what they're going to say," he continued. "Until we prove them otherwise.". . . Kleiner Perkins missed out on Facebook and LinkedIn, two of the biggest deals in recent venture history. And the firm's $1 billion cleantech fund has seen few hits and several notable meltdowns, including carmaker Fisker Automotive. Schlein and Doerr won't discuss the February investor meeting, at which the two men reportedly promised better returns for the pension funds and university endowments that trust Kleiner with their money. What Schlein does acknowledge is that the criticisms are painful. "I take it very personally," he said. "Venture capital is about your commitment to your partners, to your investors. You want to deliver for them." . . . . " (read more at link above)

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