fredag 11 november 2011

Google Joins Kleiner Perkins? Social sFund As A Strategic Partner

Kleiner Perkins has just announced that search giant Google has joined the venture firm's sFund as a strategic partner. Kleiner unveiled the sFund last year $250 million fund dedicated to what partner John Doerr calls the Third Wave. The fund is organized around investing social startups in all industries ? consumer, enterprise, health and mobile.

Back in October of 2010, Zynga, Comcast, Allen & Co., Liberty Media, Amazon and Facebook all joined as investors and strategic partners. The $250 million fund makes investments ranging from $100,000 to $100 million, and is led by Kleiner partner Bing Gordon.

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