Venture capital firm, Kleiner Perkins Caufield & Byers, has declared a marked shift away from investing in the Internet, choosing to move towards green technology instead.
And yet, according to Fortune magazine writer, Adam Lashinsky, the Internet is what shaped the firm to be what it is today.
"Kleiner's investments defined the Internet's first generation. Without Kleiner there was no Netscape, and without Netscape there was no cash-gushing dot-com boom. Yet Doerr and his partners have been absent not only from the biggest deals to date among the next generation of Internet companies - MySpace, YouTube, and Facebook - but also from the buzziest prospects for big paydays down the road - LinkedIn, Yelp, Twitter," writes Lashinsky. "By and large… Kleiner thinks the Web, at least on PCs, is an idea that's had its day."
Perhaps KPCB is just honing in and concentrating on better projects. Chris Morrison at VentureBeat says that "If anything, Kleiner appears to have turned its attention away from quick wins to long-term, but potentially massive plays," and I'd have to agree. With the economy the way it is, its better to lose the dead weight and concentrate on what can really bring revenue in. Even though the company has dropped some of its ecological investments, investing in the (already successful) iPhone application market seems like a smart move.
That's "reining", Staff.. We use 'reins' on a horse; a regent "reigns". Past that - there's more to invest in than the Internet, and profitably, too, I'm sure. I don't have any stock in any Internet company, and it hasn't hurt me.. I'm not Warren Buffett, but it seems to me the majority of his investments are in Internet entities, (are any?) and he's doing fine..
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July 17, 2008 at 12:53pm
Saabira ChaudhuriVenture capital firm, Kleiner Perkins Caufield & Byers, has declared a marked shift away from investing in the Internet, choosing to move towards green technology instead.
And yet, according to Fortune magazine writer, Adam Lashinsky, the Internet is what shaped the firm to be what it is today.
"Kleiner's investments defined the Internet's first generation. Without Kleiner there was no Netscape, and without Netscape there was no cash-gushing dot-com boom. Yet Doerr and his partners have been absent not only from the biggest deals to date among the next generation of Internet companies - MySpace, YouTube, and Facebook - but also from the buzziest prospects for big paydays down the road - LinkedIn, Yelp, Twitter," writes Lashinsky. "By and large… Kleiner thinks the Web, at least on PCs, is an idea that's had its day."
July 17, 2008 at 1:03pm
Rachel KingPerhaps KPCB is just honing in and concentrating on better projects. Chris Morrison at VentureBeat says that "If anything, Kleiner appears to have turned its attention away from quick wins to long-term, but potentially massive plays," and I'd have to agree. With the economy the way it is, its better to lose the dead weight and concentrate on what can really bring revenue in. Even though the company has dropped some of its ecological investments, investing in the (already successful) iPhone application market seems like a smart move.
July 17, 2008 at 8:51pm
Carel Two-EagleThat's "reining", Staff.. We use 'reins' on a horse; a regent "reigns". Past that - there's more to invest in than the Internet, and profitably, too, I'm sure. I don't have any stock in any Internet company, and it hasn't hurt me.. I'm not Warren Buffett, but it seems to me the majority of his investments are in Internet entities, (are any?) and he's doing fine..