Kleiner Perkins

Richard Waters

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

Maija Palmer

ShazamShazam, 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

  • Google is looking for the next Google. With Google Ventures, a new venture capital arm, the internet search giant hopes to expand its already outsized influence on Silicon Valley and eventually rival established venture firms such as Kleiner Perkins and Sequoia Capital.
  • Facebook is replacing its chief financial officer as it seeks to balance rapid growth against increased capital needs and a closed IPO market. Speculation about Facebook’s financial health has been rampant of late, but today details emerged that suggested the company is in better shape than many thought.

 Read more