15 December 2013

Kleiner Perkins Strategy, A Shift After Rough Decade

Venture funds returned 35.7 percent annually in the decade ending in 2000, but they lost 1.9 percent annually in the decade ending in 2010, according to data compiled by Cambridge Associates for the National Venture Capital Association.

Kleiner Perkins Shifts Strategy After a Rough Decade - NYTimes.com: " . . . The 1994 fund delivered 32 times the investors’ money, the 1996 fund 17 times, and 1999, six times. But since then, they note, funds raised in 2000 and 2004 have been unprofitable. A $1 billion fund raised in 2008 devoted to clean technology is also showing losses, one investor says. “They had stellar returns for years, but their reputation has been tarnished by performance of late,” said Nancy Lambert, a former private banker at Citigroup who is now an independent adviser to wealthy families and foundations. “It doesn’t seem like investors are turning away, they’re just more cautious.”. . . "

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