Kleiner Perkins doesn’t admit new partners often. Last year it was the turn of former “Queen of the internet” Mary Meeker, the first to get a seat at the table of one of Silicon Valley’s top VC firms since video games star Bing Gordon in 2008.
So the appointment of Mike Abbott, former vice president of engineering at Twitter, looks like an important hire. Read more
Shazam, the mobile phone music discovery service, could be on track for an IPO, with Kleiner Perkins Caufield and Byers taking a stake in the company. Shazam, which was the original service that allowed users to hold up their phone in a noisy bar to identify what music track was playing, has seen phenomenal growth over the last few months, reaching the 50m user milestone this week.
The company has seen rapid growth after launching the service free on the iPhone App Store in the summer of 2008. The iPhone app has been downloaded more than 10m times. Read more