KPCB's Hiring Spurt
Kleiner Perkins Caufield & Byers--the VC firm that funded Google, Sun Microsystems, Genentech, and many others--has added four staff members in the past five months. Today, the firm said it has hired former Guidant executive Dana G. Mead, Jr. as partner. Mead is the second life sciences pro KPCB has added this month. Earlier in May, the firm hired Beth Seidenberg, a former Amgen exec, as "executive in residence." Siliconbeat sees a connection with the recent decision to base the headquarters of the Institute for Regenerative Medicine, California's $3 billion taxpayer-funded stem cell initiative, in San Francisco, 30 miles north of KPCB's Menlo Park, Calif. office. Interesting theory.
Last month, KPCB hired Randy Komisar, a veteran entrepreneur who helped start Palm and Tivo, as partner. (KPCB general partner John Doerr is a big fan of Komisar's book, The Monk and the Riddle.) In January, the firm tapped Sun Microsystems co-founder Bill Joy as partner. Note that none of these new hires carry the title of general partner, which denotes authority over investment decisions as defined in a partnership agreement, the legal document that governs a VC fund. KPCB has filled out its ranks with people who bring special expertise, but it has not altered the core of its partnership since it raised its eleventh fund last year.
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