Friday, March 07, 2008

Kleiner Perkins + cellulosic ethnaol = iFund

Interesting take on the new iFund, launched by John Doerr, targeting companies making iPhone aps. The take is that Kleiner Perkins Caufield & Byers has been ignorning Web 2.0 in favor of greentech. But other vc's have made big exits on Web 2.0 while Kleiner has been stuck with greentech that's consuming cash with no end in sight. Therefore, iFund is John Doerr's way of getting back into a shorter time horizon investment game. Not sure if A+B=C but interesting connecting of the dots. LINK
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