VC firm Kleiner Perkins launches social-app fund
Facebook, Amazon, and Silicon Valley bank Allen & Co. are among the high-profile investors in sFund, a $250 million social-application fund launched by venture capital stalwarts Kleiner Perkins Caulfield & Byers today. Kleiner Perkins partner John Doerr spearheaded the announcement, which was held at Facebook's headquarters in Palo Alto, Calif.
"We're in a third wave of incredible and disruptive innovation," Doerr said of the current climate of digital development, which he sees following in the footsteps of the initial rise of PCs and then the Internet and browser revolution in the 1990s. These new entrepreneurs are &… Read more