Re:Kleiner Perkins Partner: If by Web 2.0, you mean companie...
by raganwald on Sunday April 08, 2007 @09:35PM
(#10604)
I agree, my first thought was that how KP defines a good investment is somewhat orthogonal to how someone defines a good business.
You mentioned that a small exit is a home run for three guys in a room. Likewise, three guys in a room can be financed by Visa and Mastercard, they don't need KP.
For example, in web2.0 world a 15mil exit is considered pretty nice. But for Kleiner a 15mil acquisition of a portfolio company doesn't necessarily get them jumping.